VO U S SUICI IN the Fall Value Adjustment account.) BE17-6 (L02) Use the information from BE17-5 but assume the stock is nonmarketable. Prepare Fairbanks' journal entries to record (a) the purchase of the investment, (b) the dividends received, and (c) the fair value adjustment, if any. BE17-7 (L03) Zoop Corporation purchased for $300,000 a 30% interest in Murphy, Inc. This investment enables Zoop to exert significant influence over Murphy. During the year, Murphy earned net income of $180,000 and paid dividends of $60,000. Pre- pane Zoon's lournal optimalated to the man VO U S SUICI IN the Fall Value Adjustment account.) BE17-6 (L02) Use the information from BE17-5 but assume the stock is nonmarketable. Prepare Fairbanks' journal entries to record (a) the purchase of the investment, (b) the dividends received, and (c) the fair value adjustment, if any. BE17-7 (L03) Zoop Corporation purchased for $300,000 a 30% interest in Murphy, Inc. This investment enables Zoop to exert significant influence over Murphy. During the year, Murphy earned net income of $180,000 and paid dividends of $60,000. Pre- pane Zoon's lournal optimalated to the man