Fairbanks Corporation purchased 300 shares of Sherman Inc. common stock as an investment in Equity Investments (Trading) for $8,700. During the year, Sherman paid a cash dividend of $3.05 per share. At year-end, Sherman stock was selling for $30.80 per share. Prepare Fairbanks's journal entries to record (a) the purchase of the investment, (b) the dividends received, and (c) the fair value adjustment