Exercise 17-19 Presented below is information related to the purchases of common stock by Ivanhoe Company during 2017. Cost (at purchase date) Investment in Arroyo Company stock Investment in Lee Corporation stock Investment in Woods Inc. stock Total $97,000 239,000 181,000 $517,000 Fair Value (at December 31) $ 79,000 286,000 191,000 $556,000 (Assume a zero balance for any Fair Value Adjustment account.) (a) (b) What entry would Ivanhoe make at December 31, 2017, to record the investment in Arroyo Company stock if it chooses to report this security using the fair value option? What entry would Ivanhoe make at December 31, 2017, to record the investments in the Lee and Woods corporations, assuming that Ivanhoe did not select the fair value option for these investments? (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Debit Credit No. Account Titles and Explanation (a) G