Ryckman Incorporated purchased 400 common shares of Minerva Inc. for $35,000 and accounted for them using the fair value through other comprehensive income model. During the year, Minerva paid a cash dividend of $4.00 per share. At year end, Minerva shares had a fair value of $76.00 per share.

Prepare Ryckman's journal entries to record:

• The purchase of the investment
• The dividends received
• The fair value adjustment at the end of the year.