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. April16July7pershare.Purchased8,000sharesofGemCompanystockat$21.25pershare.Purchased4,000sharesofPepsiCostockat$47.00 Prepare a table to compare the year-end cost and fair values of Rose's short-term stock investments. Prepare an adjusting entry to record the year-end fair value adjustment for the portfolio of short-term stock nvestments. Journal entry worksheet Record the year-end adjusting entry for the securities portfolio. Note: Enter debits before credits. 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.) 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. 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. April16July7pershare.Purchased8,000sharesofGemCompanystockat$21.25pershare.Purchased4,000sharesofPepsiCostockat$47.00 Prepare a table to compare the year-end cost and fair values of Rose's short-term stock investments. Prepare an adjusting entry to record the year-end fair value adjustment for the portfolio of short-term stock nvestments. Journal entry worksheet Record the year-end adjusting entry for the securities portfolio. Note: Enter debits before credits. 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.) 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