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. April 16 Purchased 8,000 shares of Gem Company stock at $26.50 per share. July 7 Purchased 4,000 shares of PepsiCo stock at $51.00 per share. Purchased 2,000 shares of Xerox stock at $19.00 per share. July 20 August 15 Received a $0.95 per share cash dividend on the Gem Company stock. August 28 Sold 4,000 shares of Gem Company stock at $33.25 per share. October 1 Received a $1.60 per December 15 Received a $1.10 per share cash dividend on the remaining Gem Company shares. December 31 Received a $1.10 per share cash dividend on the PepsiCo shares. share cash dividend on the PepsiCo shares. The year-end fair values per share are Gem Company, $28.75, PepsiCo, $48.25; and Xerox, $16.00. 5. Identify the dollar increase or decrease from Rose's short-term stock investments on (a) its income statement for this year and (b) the equity section of its balance sheet at this year-end.

Rose Company had no short-term investments prior to this year. It had the following transactions this year involving short: ferm stock investments with insignificant influence. April 16 Purchased 8 , 000 shares of Gee Coepany stock at $26.50 per share. July 7 Purchased 4 , 0e0 shares of Pepsico stock at $51. 00 pec share. July 20 . Purchased 2, eee shares of Xerox stock at $19.00 per thare. August is Purceived a 50.95 per share cosh dividend on the dern Company stod. August 21 sold 4,000 shares of Gen Company atock at $33,25 per thare. actober i Recelved a $1.60 per share cash dividend on the pepsico thares. Oeceeber 15 Received a $1.10 per share cash dividend on the cenoining Gee Compony shares. Decermber 31 Received a $1.10 per share cash dividend on the Pepsico shares. The year-end fair values per share are Gem Company, \$2875, PepsiCo, $4825; and Xerox $16.00. 5. Identify the dollar increase or decrease from Rose's short-term stock investments on () its income statement for this year and (b) the quity section of its balance sheet at this year-end