Castleman Holdings, Inc. had the following equity investment portfolio at January 1, 2025.

During 2025, the following transactions took place.

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

2. On April 30, Castleman Holdings, Inc. sold 300 shares of Chance Company for $11 per share.

3. On May 15, Castleman Holdings, Inc. purchased 100 more shares of Evers Company stock at $16 per share.

4. At December 31, 2025, the stocks had the following price per share values: Evers $17, Rogers $19, and Chance $8. During 2026, the following transactions took place.

5. On February 1, Castleman Holdings, 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, 2026, the stocks had the following price per share values: Evers $19 and Rogers $21.

Instructions

a. Prepare journal entries for each of the above transactions.

b. Prepare a partial balance sheet showing the investment-related amounts to be reported at December 31, 2025 and 2026.

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Evers Company Rogers Company Chance Company Equity investments @ cost Fair value adjustment Equity investments @ fair value 1,000 shares @ $15 each 900 shares @ $20 each 500 shares @ $9 each $15,000 18,000 4,500 37,500 (7,500) $30,000