Indigo Corporation made the following cash purchases of securities during $2025,$ which is the first year in which Indigo invested in

securities$.$

On January $15,$ purchased $8,200$ shares of Sanchez Company's common stock at $$33\mathrm{.}50$ per share plus commission $$1,624.$

On April $1,$ purchased $4,100$ shares of Vicario Co$.\text{'}$s common stock at $$52\mathrm{.}00$ per share plus commission $$2,763.$

On September $10,$ purchased $5,740$ shares of WTA Co$.\text{'}$s preferred stock at $$26\mathrm{.}50$ per share plus commission $$4,026.$

On May $20,2025,$ Indigo sold $3,116$ shares of Sanchez Company's common stock at a market price of $$35$ per share less brokerage

commissions, taxes, and fees of $$3,157.$ The year$-$end fair values per share were Sanchez $$30,$ Vicario $$55,$ and WTA $$28.$ In addition,

the chief accountant of Indigo told you that the corporation plans to hold these securities for the long$-$term but may sell them in order

to earn profits from appreciation in prices. The equity method of accounting is not appropriate for these stock purchases.

$($a$)$

Prepare the journal entries to record the above three security purchases. $($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. Round answers to $0$ decimal places, e$.$g$.1,225.)$

No$.$

Date

Account Titles and Explanation

Debit

Credit