Investments Cost December 31, 2025 Fair Value Unrealized Gain (Loss) Clemson Corp. stock $19,900 $19,000 $(900) Colorado Co. stock 10,100 9,100 (1,000) Buffaloes Co. stock 19,900 20,460 560 Total of portfolio $49,900 $48,560 (1,340) Previous fair value adjustment balance 0 Fair value adjustment-Cr. $(1,340) During 2026, Colorado Co. stock was sold for $9,590. The fair value of the stock on December 31, 2026, was Clen $19,100; Buffaloes Co. stock-$20,360. None of the equity investments result in significant influence. (a) Prepare the adjusting journal entry needed on December 31, 2025. (b) Prepare the journal entry to record the sale of the Colorado Co. stock during 2026. (c) Prepare the adjusting journal entry needed on December 31, 2026.