Presented below is information related to the purchases of common stock by Bramble Company during $2025.$

Cost

$($at purchase date$)$ Fair Value

$($at December $31)$

Investment in Arroyo Company stock $$100,000$ $$79,000$

Investment in Lee Corporation stock $240,000290,000$

Investment in Woods Inc. stock $184,000194,000$

Total $$524,000$ $$563,000$

$($Assume a zero balance for any Fair Value Adjustment account at the beginning of $2025.)$

$($a$)$ What entry would Bramble 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?

$($b$)$ What entry would Bramble make at December $31,2025,$ to record the investments in the Lee and Woods corporations, assuming that Bramble 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 manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

No$.$ Account Titles and Explanation Debit Credit

$($a$)$ enter an account titleCorrect answer enter a debit amountCorrect answer enter a credit amountCorrect answer

enter an account titleIncorrect answer enter a debit amountCorrect answer enter a credit amountCorrect answer

$($b$)$ enter an account titleIncorrect answer enter a debit amountIncorrect answer enter a credit amountIncorrect answer

enter an account titleIncorrect answer enter a debit amountIncorrect answer enter a credit amountIncorrect answer