Sheridan Company has the following portfolio of investment securities at September 30, 2025, its last reporting date. On November 5, 2025, the Indigo shares were sold at a price of \$39 per share. In addition, 7,500 shares of Patriot common stock were acquired at $34 per share on November 26, 2025. The December 31, 2025, fair values were: Splish $397,000, Well $84,200, and the Patriot common $260,000. The Fair Value Adjustment account was at zero (0) as of September 30, 2025. Prepare the journal entries to record the sale, purchase, and adjusting entries related to the equity securities in the last quarter of 2025. (Credit account titles are automatically indented when the 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. List all debit entries before credit entries. Record journal entries in the order presented in the problem.)