presented below is information related to the purchases of common stock by Lilly company during 2014. Investment in Arroyo Company stock cost at purchase date $120,700 , fair value at December 31st $81,380. investment in Lee Corporation stock cost at purchase date $268,100 , fair value on December 31st $308,400 , investment in wood Incorporated stock cost at purchase date $181,700 fair value at December 31st $193,550 total cost at purchase date $570,500 fair value at December 31st $583,330. assume a zero balance for any fair value adjustment account A.What entry would Lilly make at December 31st, 2014, to record the investment in Arroyo company stock if it chooses to report this security using the fair value option? There are two journal entries B. What journal entry would Lily make at December 31st, 2014, to record the investment in Lee Corporation, assuming that Lily wants to classify this security as available for sale? This security is the only available for sale security that Lily presently owns. There are two journal entries C. What entry would Lily make at December 31st, 2014, to record the investment in woods incorporation, assuming that Lily wants to classify this investment as a trading security? There are two journal entries.