Question: please help with this accounting problem. Required information Problem 15-4A (Static) Recording, adjusting, and reporting stock investments with insignificant influence LO P4 [The following information

please help with this accounting problem.
please help with this accounting problem. Required information Problem 15-4A (Static) Recording,
adjusting, and reporting stock investments with insignificant influence LO P4 [The following
information applies to the questions displayed below) Rose Company had no short-term

Required information Problem 15-4A (Static) Recording, adjusting, and reporting stock investments with insignificant influence LO P4 [The following information applies to the questions displayed below) Rose Company had no short-term investments prior to this year. It had the following transactions this year involving short-term stock investments with insignificant influence April 16 Purchased 3,580 shares of Gem Company stock at $24 per share. July 7 Purchased 2,000 shares of Pepsico stock at $19 per share. July 20 Purchased 1,000 shares of Xerox stock at $16 per share. August 15 Received a $1.00 per share cash dividend on the Gem Company stock. August 28 Sold 2,000 shares of Gem Company stock at $10 per share. October 1 Received a $2.50 per share cash dividend on the Popsico shares. December 15 Received a $1.00 per share cash dividend on the remaining en Company shares. December 31 Received a $1.50 per share cash dividend on the PepsiCo shares. The year-end fair values per share are Gem Company $26, PepsiCo, $46, and Xerox, $13 Problem 15-4A (Static) Part 4 4. Prepare the current asset section of the balance sheet for the fair value adjustment for Rose's short-term investments. (Amounts to be deducted should be entered with a minus sign.) Current Assets Stock investments (as cost) Fair value adjustment--Stock Stock investments (at fair value) Problem 15-4A (Static) Part 5 ces 5. Identify the collar increase or decrease from Rose's short-term stock investments on (a) its income statement for this year and (6) the equity section of its balance sheet at this year-end. (a) Incomo statoment for this year (D) Tho equity section of its balance sheet at this year-end

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