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

Evers Company, 1,010 shares @ $16 each: $16,160

Rogers Company, 870 shares @ $22 each: $19,140

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

Equity investments @ cost: $39,890

Fair value adjustment: (7,500)

Equity investments @ fair value: $32,390

During 2025, the following transactions took place.

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

2. On April 30, Sydney, Inc. sold 320 shares of Chance Company for $11 per share.

3. On May 15, Sydney, Inc. purchased 90 more shares of Evers Company stock at $17 per share.

4. At December 31, 2025, the stocks had the following price per share values: Evers $18, Rogers $21, and Chance $8.

During 2026, the following transactions took place.

5. On February 1, Sydney, 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 $20 and Rogers $23.

1.) prepare journal entries for each. Of the above transactions

Date	acct titles	Debit	Credit
Mar. 1 2025	Cash
	Dividend revenue
April 30, 2025	Cash
	Gain on sale of investments
	Equity investments
May 15, 2025	Equity investments
	Cash
Dec. 31 2025	Fair value adjustment
	Unrealized holding gain or loss - income
Feb. 1 2026	Cash
	Loss on sale of investments
	Equity investments
March 1 2026	Cash
	Dividend revenue
Dec. 21 2026	Dividend receivable
	Dividend revenue
Dec. 31 2026	Fair value adjustment
	Unrealized holding gain or loss - income

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

	Sydney holdings inc
	Debit	Credit
Current assets	(Nothing goes here)	(Nothing goes here)
Dividend receivable	?	?
Investments	(Nothing goes here)	(Nothing goes here)
Equity investments	?	?