On August 1, 2017, Oriole Ltd. purchased a call option from DDR Investments Corporation. The option gave Oriole the right to buy 12,000 shares in a third company, MGL Ltd., at a price of $21.00 per share. On the day Oriole purchased the option, MGL shares were trading at $21.00 each. Oriole paid $600 for the options. On August 31, 2017, the MGL shares were trading at $22.50 each, and the options for MGL shares were trading at $18,400. On September 15, Oriole settled the options in cash when the MGL shares were trading at $23.50, and the options were trading at $26,000. Round answers to nearest whole number.

Date Account Titles and Explanation Debit Credit (To record the acquisition of the option.) (To record the change in value of the option.) To record the change in value of the option.) (To record the settlement of the option.)