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On December 2 1 , 2 0 2 5 , Tamarisk Company provided you with the following informatibn regarding its equity imvestments. During 2 0

On December 21,2025, Tamarisk Company provided you with the following informatibn regarding its equity imvestments.
During 2026, Colarado Ca. stock was sold for $10,270. The fair value of the stock on Decembar 31,2026, was Clamson Corp. stock-
$20,100; Quffaloes Co. stock- $21,400. None of the aquity investments result in si gificant influance.
(a) Prepare the adjusting journal antry needad on December 31,2025.
(b) Prepare the journal entry to racord the sale of the Calorado Ca. stock during 2026.
(c) Prepare the adjusting journal antry needad on December 31,2026.
(List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manuallk, if
no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
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