Denzel Co. purchased 7% of Mag Corp. stock for an investment for $118,000. Mag Corp. paid dividends of $11,000 to All its investors Mag Corp. reported net income for the year of $58,000 The fair value at the end of the year was $121,200. Be sure to specify realized vs. unrealized NI vs. OCI Journalize the fair value adjustment, if required, at the end of the year Date Account Debit Credit