On January $6,20$Y$8,$ Bulldog Co$.$ purchased $40\%$ of the outstanding common stock of Gator Co$.$ for $$233,300.$ Gator Co$.$ paid total dividends of $$20,100$ to all shareholders on June $30,20$Y$8.$ Gator had a net loss of $$52,700$ for $20$Y$8.$Required:a$.$Journalize Bulldogs purchase of the stock, receipt of the dividends, and the adjusting entry for the equity loss in Gator Co$.$ stock. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.b$.$Compute the balance of Investment in Gator Co$.$ Stock on December $31,20$Y$8.$c$.$How does valuing an investment under the equity method differ from valuing an investment at fair value?