Exercise 17B-27 On August 15, 2016, Marigold Co. invested idle cash by purchasing a call option on Counting Crows Inc. common shares for $558. The notional value of the call option is 620 shares, and the option price is $62. 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 $74 per share $71 per share $73 per share $279 101 47 Prepare the journal entries for Marigold for the following dates (a) Investment in call option on Counting Crows shares on August 15, 2016 (b) September 30, 2016-Marigold prepares financial statements (c) December 31, 2016-Marigold prepares financial statements (d) January 15, 2017-Marigold 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. Date Account Titles and Explanation Debit Credit