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Problem $15-4$A $($Algo$)$ Recording, adjusting, and reporting stock investments with insignificant influence LO P$4$

$[$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 shortterm stock investments with insignificant influence.

April $16$ Purchased $6,000$ shares of Gem Company stock at $$25\mathrm{.}25$ per share. July $7$ Purchased $3,000$ shares of PepsiCo stock at $$49\mathrm{.}00$ per share. July $20$ Purchased $1,500$ shares of Xerox stock at $$18\mathrm{.}00$ per share. August $15$ Received a $$0\mathrm{.}80$ per share cash dividend on the Gem Company stock. August $28$ Sold $3,000$ shares of Gem Company stock at $$32\mathrm{.}00$ per share. October $1$ Received a $$1\mathrm{.}70$ per share cash dividend on the PepsiCo shares. December $15$ Received a $$0\mathrm{.}95$ per share cash dividend on the remaining Gem Company shares. December $31$ Received a $$1\mathrm{.}05$ per share cash dividend on the Pepsico shares. The year$-$end fair values per share are Gem Company, $$27\mathrm{.}50$; PepsiCo, $$46\mathrm{.}25$; and Xerox, $$15\mathrm{.}00.$

roblem $15-4$A $($Algo$)$ Part $4$

Prepare the current asset section of the balance sheet for the fair value adjustment for Rose's short$-$term investments.

Note: Amounts to be deducted should be entered with a minus sign.

$\backslash$table$[[$Current Assets,$],[$Stock investments $($as cost$),],[$Fair value adjustment$-$Stock,$],[$Stock investments $($at fair value$),]]$