Flint Corporation purchased $400$ shares of Sherman Inc. common stock for $$13,000($Flint does not have significant influence$).$ During the year, Sherman paid a cash dividend of $$3\mathrm{.}00$ per share. At year$-$end, Sherman stock was selling for $$37\mathrm{.}50$ per share.

Prepare Flint$$ journal entries to record $($a$)$ the purchase of the investment, $($b$)$ the dividends received, and $($c$)$ the fair value adjustment. $($Assume a zero balance in the Fair Value Adjustment account.$)$