Entries for equity investments: $20\%-50\%$ ownership

a$.$ Journalize Bulldog's purchase of the stock, receipt of the dividends, and the adjusting entry for the equity loss in Gator Co$.$ stock.

b$.$ Compute the balance of Investment in Gator Co$.$ Stock on December $31,20Y8.$

c$.$ How does valuing an investment under the equity method differ from valuing an investment at fair value? value the investment in the investee.