Presented below is information related to the purchases of common stock by Ayayai Company during 2017 Cost Fair Value Investment in Arroyo Company stock Investment in Lee Corporation stock Investment in Woods Inc. stock (at purchase date) (at December 31) 0$79,000 286,000 191,000 $556,000 $97,000 239,000 181,000 $517,000 Total (Assume a zero balance for any Fair Value Adjustment account.) (a) What entry would Ayayai make at December 31, 2017, to record the investment in Arroyo Company stock if it chooses to report this security using the fair value option? (b) What entry would Ayayai make at December 31, 2017, to record the investments in the Lee and Woods corporations, assuming that Ayayai did not select the fair value option for these investments? (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is require, select "No Entry" for the account titles and enter 0 for the amounts.) No. Account Titles and Explanation Debit Credit