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P17.10 (L02) (Equity Investments) Castleman Holdings had the following investment portfolio at January 1, 2019. 1.000 shares @ 15 each 900 shares @ 20 each 500 shares @ 9 each Evers Company Rogers Company Chance Company Non-trading investments at cost Fair value adjustment Non-trading investments at fair value 15,000 18.000 4,500 37.500 (7,500) 30.000 During 2019, the following transactions took place. 1. On March 1, Rogers Company paid a 2 per share dividend. 2. On April 30. Castleman Holdings sold 300 shares of Chance Company for 11 per share. 3. On May 15, Castleman Holdings purchased 100 more shares of Evers Co. at 16 per share. 4. At December 31, 2019, the shares had the following price per share values: Evers 17, Rogers 19. and Chance 8. During 2020, the following transactions took place. On February 1, Castleman Holdings 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 8. At December 31, 2020, the shares had the following price per shares values: Evers 19 and month. Rogers 21. Instructions a. Prepare journal entries for each of the above transactions. b. Prepare 2019 and 2020. a partial statement of financial position showing the Investments account at December 31, c. Briefly describe how the accounting would change if the Evers investment was classified as trading

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