Required information [The following information applies to the questions displayed below. Rose Company had no short-term investments prior to year 2017. It had the following transactions involving short-term investments in available-for-sale securities during 2017 Apr. 16 Purchased 10,000 shares of Gem Co. stock at $29.00 per share plus a $440 brokerage fee May 1Paid $140,000 to buy 3-month U.S. Treasury bills (debt securities): $140,000 principal July 7 Purchased 5,000 shares of PepsiCo stock at $51.00 per share plus a $410 brokerage fee Aug. 1Received a check for principal and accrued interest on the U.S. Treasury bills that matured amount, 4% interest, securities mature on July 31 20 Purchased 2,500 shares of Xerox stock at $16.00 per share plus a $490 brokerage fee. on July 31. 15 Received an $.95 per share cash dividend on the Gem Co. stock. 28 Sold 5,000 shares of Gem Co. stock at $35.75 per share less a $530 brokerage fee Oct. 1Received a $1.80 per share cash dividend on the Pepsico shares Dec. 15 Received a $1.10 per share cash dividend on the remaining Gem Co. shares 31 Received a $1.25 per share cash dividend on the Pepsico shares. Required 1. Prepare journal entries to record the preceding transactions and events. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Date General Journal Debit Credit Apr 16, 2017 2. Prepare a table to compare the year-end cost and fair values of Rose's short-term investments in available-for-sale securities The year-end fair values per share are: Gem Co., $31.25; PepsiCo, $48.25; and Xerox, $13.00 Comparison of Cost and Fair Values for AFS Portfolio Fair Value Amount Unrealized Cost Gem Co. Pepsi Co Xerox Total 3. Prepare an adjusting entry, if necessary, to record the year-end fair value adjustment for the portfolio of short-term investments in available-for-sale securities. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) &Answer is not complete. No Date General Journal Debit Credit Dec 31, 2017 Unrealized loss-Equity Fair value adjustment-AFS (ST)