Question 3 Pipe Pig Inc. purchased 3,000 shares of Bonobo Inc. stock for $12.00 per share on September 29th At year-end, the market price of Bonobo Inc. stock dropped to $10.50. Bonobo has 50,000 shares outstanding and paid a $2.50 per share cash dividend this year. The fair value adjustment account has a beginning debit balance of $9,000. Instructions Record the necessary journal entries based on the information provided