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

Evers Company		1,030 shares @ $14 each		$14,420
Rogers Company		890 shares @ $22 each		19,580
Chance Company		500 shares @ $9 each		4,500
Equity investments @ cost				38,500
Fair value adjustment				(7,810	)
Equity investments @ fair value				$30,690

During 2020, the following transactions took place.

1.		On March 1, Rogers Company paid a $2 per share dividend.
2.		On April 30, Shamrock, Inc. sold 320 shares of Chance Company for $11 per share.
3.		On May 15, Shamrock, 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, Shamrock, 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.

(a)

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 0 for the amounts.)

No.	Account Titles and Explanation	Debit	Credit
(1)	Cash	1,780
	Dividend Revenue		1,780
(2)	Cash	3,520
	Equity Investments		2,880
	Gain on Sale of investments		640
(3)	Equity Investments	1,350
	Cash		1,350
(4)	Fair Value Investment	8,890
	Unrealized Holding Gain or Loss- Income		8,890
(5)	Cash	1,440
	Loss on Sale of Investments	180
	Equity Investments		1,620
(6)	Cash	1,780
	Dividend Revenue		1,780
(7)	Dividend Receivable	3,360
	Dividend Revenue		3,360
(8)	Fair Value Adjustment	4,200
	Unrealized Holding Gain or Loss-Income		4,200

b)Prepare a partial balance sheet showing the investment-related amounts to be reported at December 31, 2020 and 2021

Shamrock, Inc

Balance Sheet (Partial)

December 31, 2020 December 31,2021

(1 blank to fill)

(1 blank to fill) ( 1 blank to fill) (1 blank to fill)

( 1 blank to fill)

(1 blank to fill) ( 1 blank to fill) ( 1 blank to fill)