Marigold Corporation purchased $400$ shares of Sherman Inc. common stock for $ influence$).$ During the year, Sherman paid a cash dividend of $$3\mathrm{.}00$ per share At ye share.

Prepare Marigold' journal entries to record $($a$)$ the purchase of the investment, adjustment. $($Assume a zero balance in the Fair Value Adjustment account.$)($List o are automatically indented when amount is entered. Do not indent manually if no ent