I think these entries are correct however if you find errors please provide the correct answer.

The following is list of account option:

On October 15,2025 , Cullumber Co. purchased 4,060 barrels of fuel oil with a cost of $247,660 ( $61 per barrel). Cullumber is holding this inventory in anticipation of the winter 2026 heating season. Cullumber accounts for its inventory at the lower-of-FIFO-cost-ornet realizable value. To hedge against potential declines in the value of the inventory, Cullumber also purchased a put option on the fuel oil. Cullumber paid an option premium of $290 for the put option, which gives Cullumber the option to sell 4,060 barrels of fuel oil at a strike price of $61 per gallon. The option expires on March 1,2026. The following data are available with respect to the values of the fuel of inventory and the put option. Indicate the amount(s) reported on the balance sheet and income statement related to the fuel oil inventory and the put option on November 30, 2025. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Indicate the amount(s) reported on the balance sheet and income statement related to the fuel oil and the put option on December 31, 2025. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Prepare the journal entries of Cullumber for the following dates. 1. October 15, 2025-Cullumber purchases fuel oil and the put option on fuel oil. 2. October 31, 2025-Cullumber prepares financial statements. 3. November 30, 2025-Cullumber prepares financial statements. 4. December 31, 2025-Cullumber prepares financial statements. (List all debit entries before credit entries. 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. (1) Account Titles and Explanation Imventory Cash (To record investment in stock.) Put Option Cash (To record purchase of put option.) Put Option Unrealized Holding Gain or Loss - Income (To record the time value change.) Unrealized Holding Gain or Loss - Income Put Option (To adjust the value of inventory.) Loss on Settlement of Put Option Allowance to Reduce Inventory to Market (To record the change in intrinsic value.) (3) Nov. 30,2025 Nov. 30, 2025 (4) Dec 31, 2025 Dec 31, 2025 Dec 31, 2025 Dec 31, 2025 Dec 31, 2025 Debit Credit 247660 247660 290 290 8120 121 8120 Loss on Settlement of Put Option 4060 Allowance to Reduce Inventory to Market (To record the time value change.) Put Option 4060 Unrealized Holding Gain or Loss - Income (To adjust the value of inventory.) Unrealized Holding Gain or Loss - Income Put Option (To record the change in intrinsic value.) Loss on Settlement of Put Option 12180 Allowance to Reduce Inventory to Market 12180 (To record the time value change.) Put Option 12180 Unrealized Holding Gain or Loss - Income 12180 (To adjust the value of inventory.) Unrealized Holding Gain or Loss - Income 53 Put Option 53 53 (To record the change in intrinsic value.) List of Accounts Accumulated Other Comprehensive Loss Allowance for Doubtful Accounts Allowance to Reduce Inventory to Market Bad Debt Expense Bonds Payable Cash Call Option Common Stock Cost of Goods Sold Debt Investments Dividend Revenue Dividend Receivable Equity Investments Fair Value Adjustment Futures Contract Gain on Sale of Investments Gain on Settlement of Call Option Gain on Settlement of Put Option Interest Expense Interest Receivable Interest Revenue Inventory Investment Income Loss on Impairment Loss on Sale of Investments Loss on Settlement of Call Option Loss on Settlement of Put Option No Entry Notes Payable Paid-in Capital in Excess of Par - Common Stock Put Option Recovery of Loss from Impairment Retained Earnings Revenue from Investment Sales Revenue Swap Contract Unrealized Holding Gain or Loss - Equity Unrealized Holding Gain or Loss - Income