The treasurer of Pearl Co. has read on the Internet that the stock price of Wade Inc. is about to take off. In order to profit from this potential development, Pearl Co. purchased a call option on Wade common shares on July 7,2025 , for $235. The call option is for 199 shares (notional value), and the strike price is $71. (The market price of a share of Wade stock on that date is $71.) The option expires on January 31,2026 . The following data are available with respect to the call option. Prepare the journal entries for Pearl Co. for the following dates. (a) July 7, 2025-Investment in call option on Wade shares. (b) September 30, 2025-Pearl prepares financial statements. (c) December 31, 2025-Pearl prepares financial statements. (d) January 4, 2026-Pearl settles the call option on the Wade shares. (List all debit entries before credit entries. 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.) (To record the time value change.) (c) (d) (To record the change in intrinsic value.) (To record the time value change.) (To record the change in intrinsic value.) (To record the time value change.) (To record settlement of call option.)