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On December 21,2025. Peat Comgany provided you with the following information resarding is equity itveatments. During 2026, Colorado Co. stoek was sald for $9,650. The

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On December 21,2025. Peat Comgany provided you with the following information resarding is equity itveatments. During 2026, Colorado Co. stoek was sald for $9,650. The far value of the stock on December 31. 2026. was Clemson Corp itoek\$21,010, Buffaloes Ca stock $22,380, 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 wle of the Colorado Co. stock during 2026 (c) Prepare the adjusting journal entry needed on December 31,2026 . (c) Pregare the adjusting jocinal entry needed on December 31,2026 . Dist ali debit entries before credit entries. Credit account titles are automotically indented when amount is entered. Do not. indent mandally. If no entry is reaL2red, select "No Entry" for the account tittes and enter of for the amounts.)

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