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Prepare a partial balance sheet showing the investment-related amounts to be reported at December 31, 2020 and 2021. Sunland, Inc. Balance Sheet (Partial) Current Assets Dividend Receivable Investments Equity Investments December 31, 2020 0 37260 December 31, 2021 3210 37260

Sunland, Inc. had the following equity investment portfolio at January 1, 2020. 960 shares @ $15 each 860 shares @ $19 each 480 shares @ $8 each Evers Company Rogers Company Chance Company Equity investments @cost Fair value adjustment Equity investments @fair value During 2020, the following transactions took place. 1. 2. 3. 4. $14,400 16,340 3,840 34,580 (7,780 ) $26,800 On March 1, Rogers Company paid a $2 per share dividend. On April 30, Sunland, Inc. sold 300 shares of Chance Company for $12 per share. On May 15, Sunland, Inc. purchased 110 more shares of Evers Company stock at $16 per share. At December 31, 2020, the stocks had the following price per share values: Evers $17, Rogers $18, and Chance $7.

During 2020, the following transactions took place. 1. 2. 3. 4. During 2021, the following transactions took place. 5. 6. 7. On March 1, Rogers Company paid a $2 per share dividend. On April 30, Sunland, Inc. sold 300 shares of Chance Company for $12 per share. On May 15, Sunland, Inc. purchased 110 more shares of Evers Company stock at $16 per share. At December 31, 2020, the stocks had the following price per share values: Evers $17, Rogers $18, and Chance $7. 8. On February 1, Sunland, Inc. sold the remaining Chance shares for $7 per share. On March 1, Rogers Company paid a $2 per share dividend. On December 21, Evers Company declared a cash dividend of $3 per share to be paid in the next month. At December 31, 2021, the stocks had the following price per share values: Evers $19 and Rogers $20.