An investor purchased 160 shares of Mallard common stock at $20 per share on March 15. On December 31, the stock was quoted at $19 per share and Mallard declared and paid a dividend of $1.50 per share. On June 5 of the following year, the investor sold all 160 shares for $22 per share. On December 31 of each year, the Fair Value Adjustment account is adjusted. Assuming the investment is measured at FVNI, provide the journal entries to be made at each of the following dates. a. March 15, Year 1. b. December 31, Year 1. c. June 5, Year 2. d. December 31, Year 2. Note: If a journal entry isn't required for the transaction, select "N/ADebit" and "N/ACredit" as the account names and leave the Dr. and Cr. answers blank (zero). Date Account Name Debit Credit (a) Mar. 15, Year 1 Answer Answer To record investment purchase. (b1) Dec. 31, Year 1 Answer Answer To record dividends. (b2) Dec. 31, Year 1 Answer Answer To adjust investment to fair value. (c) June 5, Year 2 Answer Answer Answer To record sale of investment. (d) Dec. 31, Year 2 Answer Answer To adjust FVA account at year-end