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Fairbanks Corporation purchased 400 shares or Sherman lnc common stockfor $13,200 (Fairbanks does not have significant influencel. Ouring the year, Sherman paid a cash dividend of $3.25 per share. Assume the stock is nonmarketable. Prepare fairbanks iournal entries to record (a) the purchase of the investment. (b) the dividends received, and (c) the fair value adjustment. (Asswme a zero balance in the Fair Value Adjustment account), iCredit account titles are automatically indented when amount bentered. Do not indent monuolly. if no entry is required, select "No Entry" for the account tities and enter O for the amounts)