Sweet Co. purchased a put option on Echo common shares on January 7, 2020, for $381. The put option is for 440 shares, and the strike price is $86 (which equals the price of an Echo share on the purchase date). The option expires on July 31, 2020. The following data are available with respect to the put option. Date Market Price of Echo Shares Time Value of Put Option March 31, 2020 $80 per share $180 June 30, 2020 82 per share 85 July 6, 2020 77 per share 25 Prepare the journal entries for Sweet Co. for the following dates. (a) January 7, 2020Investment in put option on Echo shares. (b) March 31, 2020Sweet prepares financial statements. (c) June 30, 2020Sweet prepares financial statements. (d) July 6, 2020Sweet settles the put option on the Echo shares. (Credit account titles are automatically indented when 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.)