Tamarisk, Inc. had the following equity investment portfolio at January 1, 2020. Evers Company 960 shares @ $16 each $15,360 Rogers Company 910 shares @ $22 each 20,020 Chance Company 500 shares @ $9 each 4,500 Equity investments @ cost 39,880 Fair value adjustment (7,870 ) 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, Tamarisk, Inc. sold 310 shares of Chance Company for $11 per share. 3. On May 15, Tamarisk, Inc. purchased 110 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 $21, and Chance $8. During 2021, the following transactions took place. 5. On February 1, Tamarisk, 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 $23.