Gator shoes, Incorporated, manutactures a l$$ne of stylish waterproot tootwear. Ine tollowing transactions relate to investments in common stock during $2024.$

March $1$ Purchases $3,000$ shares $(10\%)$ of Power Drive Corporation's common stock for $$62$ per share. July $1$ Receives a cash dividend of $$1\mathrm{.}25$ per share.

December $31$ The fair value of Power Drive Corporation's common stock is $$75$ per share.

On February $1,2025($the following year$),$ Gator Shoes sells $1,000$ shares of Power Drive Corporation's common stock for $$70$ per share.

Required:

Record each of these transactions in $2024,$ including an adjusting entry on December $31$ for the investment's fair value, if appropriate.

Record the sale on February $1,2025.$

$($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Answer is not complete.

$\backslash$table$[[$No$,$Date,General Journal,,Debit,Credit$],[1,$March $01,2024,$Investments,$(,186,000,],[,$Cash,$(,,186,000$