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

Evers Company 970 shares @ $16 each $15,520

Rogers Company 890 shares @ $19 each $16,910

Chance Company 510 shares @ $9 each $4,590

Equity investments @ cost 37,020

Fair value adjustment (7,490 )

Equity investments @ fair value $29,530

During 2020, the following transactions took place.

1. On March 1, Rogers Company paid a $2 per share dividend.

2. On April 30, Swifty, Inc. sold 310 shares of Chance Company for $10 per share.

3. On May 15, Swifty, Inc. purchased 90 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 $18, and Chance $8.

During 2021, the following transactions took place.

5. On February 1, Swifty, 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 $20 and Rogers $20.

1. Prepare journal entries for each of the above transactions

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