Presented below is information related to the purchases of common stock by Carla Company during 2025. Cost Fair Value (at December 31) (at purchase date) Investment in Arroyo Company stock $90,000 $69,000 Investment in Lee Corporation stock 229,000 279,000 Investment in Woods Inc. stock 188,000 199,000 Total $507,000 $547,000 (Assume a zero balance for any Fair Value Adjustment account at the beginning of 2025.) (a) (b) What entry would Carla make at December 31, 2025, to record the investment in Arroyo Company stock if it chooses to report this security using the fair value option? What entry would Carla make at December 31, 2025, to record the investments in the Lee and Woods corporations, assuming that Carla did not select the fair value option for these investments? (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manual no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Account Titles and Explanation (a) (b) Debit Credit