Thomas has recently joined Windsor as assistant controller, and her first assignment is to prepare the December 31, 2025 end adjusting entries for the accounts that are valued by the "fair value" rule for financial reporting purposes. Thomas has red the following information about Windsor's pertinent accounts.\ Windsor has equity securities related to Delaney Motors and Patrick Electric. During 2025, Windsor purchased 107,000 shares of Delaney Motors for 

 $1,391,000

; these shares currently have a fair

vz^('),$1,653,000

. Windsor' investment in Patrick Electric has not been profitable; the company acquired 50,000 s rick in April 2025 at

$19

per share, a purchase that currently has a value of

$685,000

.\ Prior to 2025 , Windsor invested

$22,650,000

in Norton Industries and has not changed its holdings this year. This investment in Norton Industries was valued at

$21,427,000

on December 31,2024 . Windsor'

12%

ownership of Norton Industries has a current fair value of

$22,257,000

on December 31, 2025 .\ pare the appropriate adjusting entries for Windsor as of December 31,2025, to reflect the application of the "fair value" rule the securities described above. (List debit entry before credit entry. Credit account titles are automatically indented when amount is ered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

I Thomas has recently joined Windsor as assistant controller, and her first assignment is to prepare the December 31, 2025 end adjusting entries for the accounts that are valued by the "fair value" rule for financial reporting purposes. Thomas has red the following information about Windsor's pertinent accounts. Windsor has equity securities related to Delaney Motors and Patrick Electric. During 2025, Windsor purchased 107,000 shares of Delaney Motors for $1,391,000; these shares currently have a fair val Windsor' investment in Patrick Electric has not been profitable; the company acquired 50,000 sh at $19 per share, a purchase that currently has a value of $685,000. $1,653,000. atrick in April 2025 Prior to 2025, Windsor invested $22,650,000 in Norton Industries and has not changed its holdings this year. This investment in Norton Industries was valued at $21,427,000 on December 31, 2024. Windsor' 12% ownership of Norton Industries has a current fair value of $22,257,000 on December 31, 2025. pare the appropriate adjusting entries for Windsor as of December 31, 2025, to reflect the application of the "fair value" rule the securities described above. (List debit entry before credit entry. Credit account titles are automatically indented when amount is ered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)