On December $21,2025,$ Oriole Company provided you with the following information regarding its equity investments.

During $2026,$ Colorado Co$.$ stock was sold for $$8,770.$ The fair value of the stock on December $31,2026,$ was Clemson Corp. stock$-$

$$17,690$; Buffaloes Co$.$ stock$-$ $$19,130.$ None of the equity investments result in significant influence.

$($a$)$ Prepare the adjusting journal entry needed on December $31,2025.$

$($b$)$ Prepare the journal entry to record the sale of the Colorado Co$.$ stock during $2026.$

$($c$)$ Prepare the adjusting journal entry needed on December $31,2026.$

$($List all debit entries before credit entries. Credit account titles are automatically indented when 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.$)$