Exercise 17-27 On August 15, 2016, Marin Co. invested idle cash by purchasing a call option on Counting Crows Inc. common shares for $522. The notional value of the call option is 580 shares, and the option price is $58. The option expires on January 31, 2017. The following data are available with respect to the call option Market Price of Counting Crows Shares Time Value of Call Option Date September 30, 2016 December 31, 2016 January 15, 2017 $70 per share $67 per share $68 per share $261 94 Prepare the journal entries for Marin for the following dates (a) Investment in call option on Counting Crows shares on August 15, 2016 (b) September 30, 2016-Marin prepares financial statements. (c) December 31, 2016-Marin prepares financial staements (d) January 15, 2017-Marin settles the call option on the Counting Crows shares. (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 0 for the amounts.) No. (a) Aug. 15, 2016Call Option Date Account Titles and Explanation Debit Credit Cash (b) Sep. 30, 2016 Call Option Unrealized Holding Gain or Loss Income To record the change in intrinsic value.)