Ivanhoe Corp. purchased a put option on Mykia common shares on July 7, 2020, for $468. The put option is for 350 shares, and the strike price is $50. The option expires on January 31, 2021. The following data are available with respect to the put option:

			Fair Value		Market Price
Date			of Option		of Mykia Shares
Sept. 30,	2020		$230		$58 per share
Dec. 31,	2020		$97		$60 per share
Jan. 31,	2021		$0		$64 per share

Prepare the journal entries for Miller Co. for the following dates.

(a) July 7, 2020Investment in call option on Wade shares.

(b) September 30, 2020Miller prepares financial statements.

(c) December 31, 2020Miller prepares financial statements.

(d) January 4, 2021Miller settles the call option on the Wade shares