Record the year-end adjusting entry for the securities portfolio. Note: Enter debits before credits. Required information [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 3,500 shares of Gem Company stock at $24 per share. July 7 Purchased 2,000 shares of PepsiCo stock at $49 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 $30 per share. October 1 Received a $2.50 per share cash dividend on the Pepsico shares. Deceaber 15 Received a $1.00 per share cash dividend on the remaining Gem 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. 3. Prepare an adjusting entry to record the year-end fair value adjustment for the portfolio of short-term stock investments