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 4,000 shares of Gem Co. stock at $26.00 per share.
July		7		Purchased 2,000 shares of PepsiCo stock at $50.00 per share.
		20		Purchased 1,000 shares of Xerox stock at $18.00 per share.
Aug.		15		Received a(n) $0.80 per share cash dividend on the Gem Co. stock.
		28		Sold 2,000 shares of Gem Co. stock at $32.75 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 $1.20 per share cash dividend on the PepsiCo shares.

3. Prepare an adjusting entry to record the year-end fair value adjustment for the portfolio of short-term stock investments.