The following information is available for Crane Company at December $31,2025,$ regarding its investments:

The company did not have any investments prior to $2025.$

$($a$)$

Prepare the adjusting entry $($if any$)$ for $2025,$ assuming no balance in the Fair Value Adjustment account at January $1,$

Neither of Crane's investments result in significant influence. $($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 O for the

amounts. List debit entry before credit entry.$)$

Account Titles and Explanation

Debit

Credit