BE$14\mathrm{.}12($LO $3)$ Cole Inc. owns shares of Marlin Corporation stock. At December $31,2025,$ the securities were carried in Cole$$s accounting

records at their cost of $$875,000,$ which equals their fair value. On September $21,2026,$ when the fair value of the securities was $$1,200,000,$

Cole declared a property dividend whereby the Marlin securities are to be distributed on October $23,2026,$ to stockholders of record on October

$8,2026.$ Prepare all journal entries necessary on those three dates.