Swifty Corporation purchased 440 shares of Sherman Inc. common stock for $12,900 (Swifty does not have significant influence). During the year, Sherman paid a cash dividend of $3.25 per share. Assume the stock is nonmarketable. Prepare Swifty's journal entries to record (a) the purchase of the investment, (b) the dividends received, and (c) the fair value adjustment. (Assume a zero balance in the Fair Value Adjustment account.) (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.) No. Account Titles and Explanation Debit Credit (a) Equity Investments 12900 Cash 12900 (b) Cash Dividend Revenue (c) Fair Value Adjustment Unrealized Holding Gain or Loss -Income