Bramble Corp. is a medium-sized corporation specializing in constructing high end retail establishments. The company has long dominated the market on the west coast, at one time achieving a 60% market penetration. During prosperous years, the company's profits, coupled with a conservative dividend policy, resulted in funds available for outside investment. Over the years, Bramble has had a policy of investing idle cash in equity securities. In particular, Bramble has made periodic investments in the company's principal supplier, Sunland Industries. Although the firm currently owns 14% of the outstanding common stock of Sunland Industries, Bramble does not have significant influence over the operations of Sunland Industries. Susan Wilson has recently joined Bramble as assistant controller, and her first assignment is to prepare the 2025 year-end adjusting entries for the accounts that are valued by the "fair value" rule for financial reporting purposes. Wilson has gathered the following information about Bramble's pertinent accounts. 1. Bramble has equity securities related to LA Mixture and Hollywood Hills. During this fiscal year, Bramble purchased 190,000 shares of LA Mixture for $3,230,000; these shares currently have a value of $3,420,000. Bramble's investment in Hollywood Hills has not been profitable; the company acquired 80,000 shares of Hollywood in April 2025 at $27 per share, a purchase that currently has a value of $1,500,000. 2. Prior to 2025 , Bramble invested $36,410,000 in Sunland Industries and has not changed its holdings this year. This investment in Sunland Industries was valued at $35,120,000 on December 31, 2024. Bramble's 14\% ownership of Sunland Industries has a current value of $37,660,000. (a) Your answer is incorrect. Prepare the appropriate adjusting entries for Bramble as of December 31, 2025, to reflect the application of the "fair value" rule for the equity securities described above. (Credit account titles are automatically indented when the 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. List debit entry before credit entry.)