Presented below is information related to the purchases of common stock by Ivanhoe Company during 2020. Investment in Arroyo Company stock Investment in Lee Corporation stock Investment in Woods in stock Total Cost (at purchase date) $94,000 269,000 183.000 $546,000 Fair Value (at December 31) $76,000 322,000 192.000 $590,000 (Assume a zero balance for any Fair Value Adjustment account) (a) Whatentry would Ivanhoe make at December 31, 2020, to record the investment in Arroyo Company stock if it chooses to report this security using the fair value option? Whatentry would Ivanhoe make at December 31, 2020, to record the investments in the Lee and Woods corporations, assuming that Ivanhoe did not select the fair value option for these investments? (b) No. Account Titles and Explanation Debit Credit (a) Unrealized Holding Gain or Loss -Income 18000 Equity liwestments 18000 ) (b) Fair Value Adjustment Unrealized Holding Gain or Loss Income