Sarasota, Inc. had the following equity investment portfolio at January 1, 2020.

Evers Company	980 shares @ $14 each	$13,720
Rogers Company	860 shares @ $22 each	18,920
Chance Company	480 shares @ $9 each	4,320
Equity investments @ cost		36,960
Fair value adjustment		(7,840)
Equity investments @ fair value		29,120

During 2020, the following transactions took place.

1.		On March 1, Rogers Company paid a $2 per share dividend.
2.		On April 30, Sarasota, Inc. sold 310 shares of Chance Company for $11 per share.
3.		On May 15, Sarasota, Inc. purchased 90 more shares of Evers Company stock at $15 per share.
4.		At December 31, 2020, the stocks had the following price per share values: Evers $16, Rogers $21, and Chance $8.

During 2021, the following transactions took place.

5.		On February 1, Sarasota, Inc. sold the remaining Chance shares for $8 per share.
6.		On March 1, Rogers Company paid a $2 per share dividend.
7.		On December 21, Evers Company declared a cash dividend of $3 per share to be paid in the next month.
8.		At December 31, 2021, the stocks had the following price per share values: Evers $18 and Rogers $23.

Prepare journal entries for each of the above transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit No. Account Titles and Explanation (1) Cash Dividend Receivable (2) Cash Gain on Sale of Investments Equity Investments (3) Equity Investments Cash Fair Value Adjustment Unrealized Holding Gain or Loss-Income (5) Cash Loss on Sale of Investments Equity Investments (6) Cash Dividend Receivable Dividend Receivable Dividend Revenue (8) Fair Value Adjustment Unrealized Holding Gain or Loss -Income