Marigold Corporation is a regional company which is an SEC registrant. The corporation's securities are thinly traded on NASDAQ. Marigold Corp. has issued $12,000$ units. Each unit consists of a $$660$ par value, $12\%$ subordinated debenture and $10$ shares of $$6$ par common stock. The units were sold to outside investors for cash at $$1,056$ per unit. Prior to this sale, the $2-$week ask price of common stock was $$44$ per share. Twelve percent is a reasonable market yield for the debentures, and therefore the par value of the bonds is equal to the fair value.

$($a$)$ Prepare the journal entry to record Marigold's transaction, under the following conditions. $($List all debit entries before credit entries. Do not round intermediate calculations. Round final answers to $0$ decimal places, e$.$g$.38,487.$ Credit account titles are automatically indented when the 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.$)$

$1.)$ Employing the incremental method.

$2.)$ Employing the proportional method, assuming the recent price quote on the common stock reflects fair value.