Stellar, Inc. had the following equity investment portfolio at January 1, 2020. Evers Company 1,000 shares @ $16 each $16,000 Rogers Company 880 shares @ $21 each 18,480 Chance Company 520 shares @ $9 each 4,680 Equity investments @ cost 39,160 Fair value adjustment (7,150 ) Equity investments @fair value $32,010 During 2020, the following transactions took place. 1. On March 1, Rogers Company paid a $2 per share dividend. 2. On April 30, Stellar, Inc. sold 320 shares of Chance Company for $11 per share. 3. On May 15, Stellar, Inc. purchased 100 more shares of Evers Company stock at $17 per share. 4. At December 31, 2020, the stocks had the following price per share values: Evers $18, Rogers $20, and Chance $8.