Required information Problem 15-4A (Algo) 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 4,000 shares of Gen Company stock at $26.00 per share. July 7 Purchased 2,000 shares of PepsiCo stock at $53.00 per share. July 20 Purchased 1,000 shares of Xerox stock at $18.00 per share. August 15 Received a $0.75 per share cash dividend on the Gem Company stock. August 28 Sold 2,000 shares of Gen Company stock at $32.75 per share. October 1 Received a $1.80 per share cash dividend on the PepsiCo shares. December 15 Received a $0.90 per share cash dividend on the remaining Gem Company shares. December 31 Received a $1.15 per share cash dividend on the PepsiCo shares. The year-end fair values per share are Gem Company, $28.25; PepsiCo, $50.25; and Xerox, $15.00. Problem 15-4A (Algo) Part 5 5. Identify the dollar Increase or decrease from Rose's short-term stock Investments on (a) Its Income statement for this year and (b) the equity section of its balance sheet at this year-end. (a) Income statement for this year Answer is complete but not entirely correct. Amount Increase/Decrease $ 24,200 Increase (b) The equity section of its balance sheet at this year-end $ 178,750 Increase