On October 15,2025 , Sunland Co. purchased 3,600 barrels of fuel oil with a cost of $223,200 ( $62 per barrel). Sunland is holding this inventory in anticipation of the winter 2026 heating season. Sunland accounts for its inventory at the lower-of-FIFO-cost-or-net realizable value. To hedge against potential declines in the value of the inventory, Sunland also purchased a put option on the fuel oil. Sunland paid an option premium of $270 for the put option, which gives Sunland the option to sell 3,600 barrels of fuel oil at a strike price of $62 per gallon. The option expires on March 1,2026. The following data are available with respect to the values of the fuel of inventory and the put option. Prepare the journal entries of Sunland for the following dates. 1. October 15, 2025-Sunland purchases fuel oil and the put option on fuel oil. 2. October 31,20255 unland prepares financial statements. 3. November 30,20255 unland prepares financial statements. 4. December 31, 2025-Sunland prepares financial statements. (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.) (2) (To record the time value change.) (To adjust the value of inventory.) (To record the change in intrinsic value.) (3) (To record the time value change.) (To adjust the value of inventory.) (To record the change in intrinsic value.) (4) (To record the time value change.) (To adjust the value of inventory.) (To record the change in intrinsic value.) Indicate the amount(s) reported on the balance sheet and income statement related to the fuel oil inventory and the put option on November 30, 2025. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Indicate the amount(s) reported on the balance sheet and income statement related to the fuel oil and the put option on December 31,2025 . (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)