I need help with my homework.

Presented below is information related to the purchases of common stock by Lilly Company during 2014.

Cost (at purchase date)	Fair Value (at December 31)
Investment in Arroyo Company stock	$100,000	$80,000
Investment in Lee Corporation stock	250,000	300,000
Investment in Woods Inc. stock	180,000	190,000
Total	$530,000	$570,000

(Assume a zero balance for any Fair Value Adjustment account.)

(a)	What entry would Lilly make at December 31, 2014, to record the investment in Arroyo Company stock if it chooses to report this security using the fair value option?
(b)	What entry would Lilly make at December 31, 2014, to record the investment in Lee Corporation, assuming that Lilly wants to classify this security as available-for-sale? This security is the only available-for-sale security that Lilly presently owns.
(c)	What entry would Lilly make at December 31, 2014, to record the investment in Woods Inc., assuming that Lilly wants to classify this investment as a trading security?

(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.	Account Titles and Explanation	Debit	Credit
(a)
(b)
(c)