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Problem 17-10 (Part Level Submission) Ayayai, Inc. had the following equity investment portfolio at January 1, 2017 Evers Company Rogers Company Chance Company Equity investmentscost Fair value adjustment Equity investmentsfair value 980 shares$14 each 860 shares $22 each 480 shares$9 each $13,720 18,920 4,320 36,960 (7,840) $29,120 During 2017, the following transactions took place. 1. On March 1, Rogers Company paid a $2 per share dividend 2. On April 30, Ayayai, Inc. sold 310 shares of Chance Company for $11 per share. 3. On May 15, Ayayai, Inc. purchased 90 more shares of Evers Company stock at $15 per share 4. At December 31, 2017, the stocks had the following price per share values: Evers $16, Rogers $21, and Chance $8 During 2018, the following transactions took place. S. 6. 7. 8. On February 1, Ayayai, Inc. sold the remaining Chance shares for $8 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, 2018, the stocks had the following price per share values: Evers $18 and Rogers $23 (a) Prepare journal entries for each of the above transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required

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