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 8,800 shares of Gem Company stock at $25.50 per share. July 7 Purchased 4,eee shares of PepsiCo stock at $46.ee per share. July 20 Purchased 2,000 shares of Xerox stock at $18.00 per share. August 15 Received a $0.90 per share cash dividend on the Gem Company stock. August 28 Sold 4, eee shares of Gem Company stock at $32.25 per share. October 1 Received a $1.88 per share cash dividend on the PepsiCo shares. December 15 Received a $1.95 per share cash dividend on the remaining Gem Company shares. December 31 Received a $1.20 per share cash dividend on the PepsiCo shares. The year-end fair values per share are Gem Company. $2775: PepsiCo, $43 25; and Xerox, $15.00 5. Identify the dollar increase or decrease from Rose's short-term stock investments on 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 (b) The equity section of its balance sheet at this year-end