Sarasota, Inc. had the following equity investment portfolio at January 1, 2020. Evers Company 980 shares @ $16 each $15,680 Rogers Company 880 shares @ $21 each 18,480 Chance Company 490 shares @ $9 each 4,410 Equity investments @cost 38,570 Fair value adjustment (7,780) Equity investments @ fair value $30,790 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 290 shares of Chance Company for $10 per share. 3. On May 15, Sarasota, Inc. purchased 110 more shares of Evers Company stock at $16 per share. 4. At December 31, 2020, the stocks had the following price per share values: Evers $17, Rogers $20, 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 $19 and Rogers $22.