$($b$)$ Prepare the journal entry to record the sale of the Colorado Co$.$ stock during $2026.$

$($c$)$ Prepare the adjusting journal entry needed on December $31,2026.$

$($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.$)$

No$.$

Date

December $31,2025$

$($a$)$

December $31,2025vv$

$($b$)$

Cash

Loss on Sale of Investments

Equity Investments

$($c$)$

Account Titles and Explanation

Unrealized Holding Gain or Loss $-$ Income

Fair Value Adjustment

Loss on Sale of Investments

Equity Investments

Fair Value Adjustment

Debit

Far

Cash

$($c$)$ Prepare the adjusting journal entry needed on December $31,2026.$