Required information [The following information applies to the questions displayed below.) On July 12, 2018, Rossow Corporation purchased 1,900 shares of Reimer Company for $72,200. The following information applies to the fair value of Reimer Company: Per Share $44 12/31/2018 12/31/2019 12/31/2020 31 Reimer Company declares and pays cash dividends of $3 per share on May 1 of each year. Journal entry worksheet 3 4 5 6 Record the valuation adjustment, if required, assuming the fair value of Reimer Company's stock on December 31, 2018 is $44 per share. Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2018 Record entry Clear entry View general journal Journal entry worksheet