Castleman Holdings, Inc. had the following available-for-sale investment portfolio at January 1, 2014.
| Evers Company |
|
1,240 shares @ $16 each |
|
$19,840 |
|
| Rogers Company |
|
860 shares @ $20 each |
|
17,200 |
|
| Chance Company |
|
580 shares @ $10 each |
|
5,800 |
|
| Equity investments (available-for-sale) @ cost |
|
|
|
42,840 |
|
| Fair value adjustment (available-for-sale) |
|
|
|
(8,110 |
) |
| Equity investments (available-for-sale) @ fair value |
|
|
|
$34,730 |
|
During 2014, the following transactions took place.
| 1. |
|
On March 1, Rogers Company paid a $3 per share dividend. |
| 2. |
|
On April 30, Castleman Holdings, Inc. sold 350 shares of Chance Company for $12 per share. |
| 3. |
|
On May 15, Castleman Holdings, Inc. purchased 120 more shares of Evers Co. stock at $17 per share. |
| 4. |
|
At December 31, 2014, the stocks had the following price per share values: Evers $18, Rogers $19, and Chance $9. |
During 2015, the following transactions took place.
| 5. |
|
On February 1, Castleman Holdings, Inc. sold the remaining Chance shares for $9 per share. |
| 6. |
|
On March 1, Rogers Company paid a $3 per share dividend. |
| 7. |
|
On December 21, Evers Company declared a cash dividend of $3 per share to be paid in the next month. |
| 8. |
|
At December 31, 2015, the stocks had the following price per share values: Evers $20 and Rogers $21. |