Whispering, Inc. had the following equity investment portfolio at January 1, 2017. Evers Company 1,030 shares @ $14...

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Whispering, Inc. had the following equity investment portfolioat January 1, 2017.
Evers Company 1,030 shares @ $14 each $14,420
Rogers Company 910 shares @ $19 each 17,290
Chance Company 510 shares @ $9 each 4,590
Equity investments @ cost 36,300
Fair value adjustment (7,350 )
Equity investments @ fair value $28,950
During 2017, the following transactions took place.
1. On March 1, Rogers Company paid a $2 per share dividend.
2. On April 30, Whispering, Inc. sold 280 shares of Chance Companyfor $10 per share.
3. On May 15, Whispering, Inc. purchased 110 more shares of EversCompany stock at $15 per share.
4. At December 31, 2017, the stocks had the following price pershare values: Evers $16, Rogers $18, and Chance $8.
During 2018, the following transactions took place.
5. On February 1, Whispering, Inc. sold the remaining Chanceshares 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 $3per share to be paid in the next month.
8. At December 31, 2018, the stocks had the following price pershare values: Evers $18 and Rogers $20.
Prepare journal entries for each of the above transactions.
Prepare a partial balance sheet showing the investment-relatedamounts to be reported at December 31, 2017 and 2018.

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Year 2017 Equity investments cost Evers Rogers Chance Total Equity investments cost at beginning Value 14420 17290 4590 36300 Less cost of share sold 2520 2520 Add Additional Purchase 1650 1650 Equity investments cost at Dec 31 2017 16070 17290 2070 35430 Equity investments fair Evers 1030110 Rogers Chance 510280 Total Number of share 1140 910 230 Multiply Market price per share 16 18 8 Equity investments fair 18240 16380 1840 36460 Equity investments cost 35430 Equity investments fair value 36460 Increase in Fair value See Answer

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Evers Company	1,030 shares @ $14 each	$14,420
Rogers Company	910 shares @ $19 each	17,290
Chance Company	510 shares @ $9 each	4,590
Equity investments @ cost		36,300
Fair value adjustment		(7,350	)
Equity investments @ fair value		$28,950

1.		On March 1, Rogers Company paid a $2 per share dividend.
2.		On April 30, Whispering, Inc. sold 280 shares of Chance Companyfor $10 per share.
3.		On May 15, Whispering, Inc. purchased 110 more shares of EversCompany stock at $15 per share.
4.		At December 31, 2017, the stocks had the following price pershare values: Evers $16, Rogers $18, and Chance $8.

5.		On February 1, Whispering, Inc. sold the remaining Chanceshares 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 $3per share to be paid in the next month.
8.		At December 31, 2018, the stocks had the following price pershare values: Evers $18 and Rogers $20.