On August 1, Carla Vista Co. buys 1,000 shares of BCN common stock for $42,000 cash. On December 1, the stock investments are sold for $43,500 in cash. Journalize the purchase and sale of the common stock. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) In its first year of operations, Marigold Corp. purchased available-for-sale debt securities costing $66,000 as a long-term investment. At December 31, 2022, the fair value of the securities is $62,700. Prepare the adjusting entry to record the securities at fair value. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Bridgeport Company owns 25% of Toppe Company. For the current year, Toppe reports net income of $110,000 and declares and pays a $44,000 cash dividend. Record Bridgeport's equity in Toppe's net income and the receipt of dividends from Toppe. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)