Required information [The following information applies to the questions displayed below.] Rose Company had no short-term investments prior to this year. It had the following transactions this year involving shortterm stock investments with insignificant influence. Apri1 16 Purchased 3,500 shares of Cem Company stock at $24 per share, July 7 Purchased 2,000 shares of Cem Company stock at $24 per share July 20 purchased 2 , 000 isharea of Xerox utock at $16 per nhare. August is Received a \$1.00 per ahare cash dividend on the Gem Company ntock. August 28 Sold 2,000 shares of com Company stoek at $30 per share. october 1 Received a $2.50 per share canh dividend on the Fepsico shares. The year-end fair values per share are Gem Company, \$26; PepsiCo, \$46; and Xerox, $13. Prepare an adjusting entry to record the year-end fair value adjustment for the portfolio of short-term stock investments. Journal entry worksheet Record the year-end adjusting entry for the securities portfolio