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 short- term stock investments with insignificant influence. Apr. 16 Purchased 6,000 shares of Gem Co. stock at $20.75 per share. July 7 Purchased 3,000 shares of PepsiCo stock at $53.00 per share. 20 Purchased 1,500 shares of Xerox stock at $19.00 per share. Aug. 15 Received a(n) $0.80 per share cash dividend on the Gem Co. stock. 28 Sold 3,000 shares of Gem Co. stock at $27.50 per share. Oct. 1 Received a $1.80 per share cash dividend on the PepsiCo shares. Dec. 15 Received a $0.95 per share cash dividend on the remaining Gem Co. shares. 31 Received a $1.15 per share cash dividend on the PepsiCo shares. 2. Prepare a table to compare the year-end cost and fair values of Rose's short-term stock investments. The year-end fair values per share are Gem Co., $23.00; PepsiCo, $50.25; and Xerox, $16.00. Comparison of Cost and Fair Values for Stock Investments Portfolio at Year-End Cost Unrealized Fair Value Amount Gem Co. Pepsi Co. Xerox Total 3. Prepare an adjusting entry to record the year-end fair value adjustment for the portfolio of short-term stock investments. View transaction list Journal entry worksheet 1 > Record the year-end adjusting entry for the securities portfolio as of December 31. Note: Enter debits before credits. General Journal Debit Credit Date Dec. 31 Record entry Clear entry View general Journal