Lance Co. purchased 100 shares of Mallard common stock at $52 per share on March 15. Mallard declared and paid a dividend of $4 per share during the year. The market price on December 31, is unavailable because the fair value of the stock is not readily determinable. Assume that the amount of $5,200 is a measure of cost less impairment, adjusted for observable price changes for an identical investment to this equity investment. Assuming the investment is measured at FV-NI, provide the journal entries to be made at each of the following dates. Note: If a journal entry isn't required on the date indicated, select "N/A" as the account names and leave the Dr. and Cr. answers blank (zero). a. March 15. Date Mar. 15 Account Name Dr. Cr. b. December 31. Date Account Name Dr. Cr. Dec. 31 To record dividends. Dec. 31 Check To adjust investment to fair value.