Prepare any necessary correcting journal entries related to investments in cullumber Company.During the course of your examination of the financial statements of Marigold Corporation for the year ended December $31,2025,$

you found a new account, "Imestments:" Your examination revealed that during $2025,$ Marigold began a program of imestments, and

all investment$-$related transactions were entered into this account. Your analysis of this account for $2025$ follows:

$($a$)$

Cullumber Companveommon $5$tock

Feb. $14$

Purchased $4,300$ shares $$55$ per share.

$$236,500$

July $26$ Received $430$ shares of Cullumber Company common stock as a stock dividend.

$[$Memorandum entry in general ledger.$]$

Sept. $28$ Sold the $430$ shares of Cullumber Company common stock received July $26$$$59$ per

share.

$($b$)$

Robertinc. Common Stock

Apr. $30$ Purchased $21,700$ shares $8$$$41$ per share. $$889,700$

Additional information:

The fair value for each security as of the $2025$ date of each transaction follow;

All of the investments of Marigold are nominal in respect to the percentage of ownership $(5\%$ or less$).$

Prepare any necessary correcting journal entries related to investments in Cullumber Company. $($List all debit entries before credit

entries. Credit account titles are automotically indented when amount is entered. Do not indent manually if no entry is required, select $"$No

Entry for the account tirles and enter $0$ for the amounts.$)$

Debit

Credit

Correct entry:

Entry made:

Correction: