Dauphinee DL Corp. plans to purchase 100,000 shares of Santos Technology Ltd., a publicly traded company. Dauphinee has signed a contract to acquire the shares from Holding Co. in 90 days, after certain approvals are obtained; these approvals are routine but time consuming. The agreed-upon price per share is $22.50, which is the fair value of the shares on the day the contract was signed. Santos shares have traded between $5 and $35 over the last year; the industry has been volatile. Sixty days after signing this agreement, it is Dauphinee's year-end, and Santos shares are trading for $28. At the time the contract matured, and the shares are purchased; the shares are trading for $16. Required: 1. Not available in Connect 2. Not available in Connect 3. Prepare journal entries to record the inception of the contract, the change in its fair value at year-end, and its maturity. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list 1 2 Record the entry for change in fair-value at year end. Record the entry for change in fair-value at maturity. 3 Record the entry for acquisition of shares of Santos Technology Ltd. Note: = journal entry has been entered Record entry edit View general journal Clear entry >