On August $10,2016,$ the Green and Grey Company invest in equity securities costing $$3,000,000$

and classifies them as AFS investments. On September $30,2016,$ the value of the equity

securities falls to $$2,910,000$ and Green and Grey pay $$100,000$ for March $2017$ put options with

a strike price of $$3,000,000$ as a fair value hedge of its equity investment. On December $31,$

$2016,$ the company$$s fiscal year end, the options have a fair value of $$76,600$ and the securities

have a fair value of $$2,940,000.$ Green and Grey sells the options on March $1,2017$ for $$159,800$

when the fair value of the securities is $$2,850,000$ and sells the securities for $$2,900,000$ on

March $30,2017.$

Prepare the journal entries made by Green and Grey Company on

$$ August $10,2016$

$$ September $30,2016$

$$ December $31,2016$

$$ March $1,2017$

$$ March $30,2017$