An investor purchased 80 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 the stock for $22 per share. Assuming the investment is measured at PV-NL, provide the journal entries to be made at each of the following dates. On the date of sale, first update the Fair Value Adjustment account prior to eliminating its balance in the sale entry a. March 15, Year 1. b. December 31, Year 1. c. June 5. Year 2 Note: If a journal entry isn't required for the transaction, select "N/A-Debit" and "N/A-Credit" as the account names and leave the Dr. and Cr. answers blank (zero). Date (a) Mar. 15, Year 1 Account Name Debit Credit To record investment purchase 1) Dec. 31. Year 1 To record dividends 2) Dec. 31, Year 1 To adjust investment to fer valu (1) June 5 Year 2 To adjust FVA account at sale date (12) June 5 Year 2 To record sale at investment Date (a) Mar. 15, Year (b1) Dec. 31, Year (b2) Dec. 31, Year (c1) June 5, Year 2 Cash Interest Receivable Investment in TS Fair Value Adjustment-TS Investment in AFS Securities Fair Value Adjustment-AFS Investment in HTM Securities Investment in Stock Fair Value Adjustment-Equity Securities Fair Value Adjustment-Fair Value Option Allowance for Credit Losses Accumulated Other Comprehensive Income Unrealized Gain or LossOCI Unrealized Gain or Loss-Income (c2) June 5, Year 2 Dividend Revenue Interest Revenue Prouinun Investment Income Loss on Impairment Recovery of Loss on Impairment Loss on Sale of Investment Gain on Sale of Investment N/A-Debit N/A-Credit 4 Debit