12. (3 points) Marigold Corporation purchased 1,000 shares of Sherman Inc. common stock for $117,800 (Marigold does not have significant influence). The investment is available-for-sale. During the year, Sherman paid a cash dividend of $3.50 per share. At year-end, Sherman stock was selling for $110.50 per share. Prepare Marigold' journal entries to record (a) the purchase of the investment Accounts Debits Credits (b) the dividends received Accounts Debits Credits (c) the fair value adjustment. (Assume a zero balance in the Fair Value Adjustment account.) Accounts Debits Credits