Flint Co. purchased a put option on Echo common shares on January 7, 2020, for $378. The put option is for 370 shares, and the strike price is $86 (which equals the price of an Echo share on the purchase date). The option expires on July 31, 2020. The following data are available with respect to the put option.

Date		Market Price of Echo Shares		Time Value of Put Option
March 31, 2020		$80 per share		$182
June 30, 2020		82 per share		86
July 6, 2020		77 per share		24

Prepare the journal entries for Flint Co. for the following dates.

(a)		January 7, 2020Investment in put option on Echo shares.
(b)		March 31, 2020Flint prepares financial statements.
(c)		June 30, 2020Flint prepares financial statements.
(d)		July 6, 2020Flint settles the the put option on the Echo shares.