On December $21,2025,$ Tamarisk Company provided you with the following information regarding its equity investments. During $2026,$ Colorado Co$.$ stock was sold for $$9,650.$ The fair value of the stock on December $31,2026,$ was Clemson Corp. stock$-$ $$21,010$; Buffaloes Co$.$ stock$-$ $$22,380.$ None of the equity investments result in significant influence. $($a$)$ Prepare the adjusting journal entry needed on December $31,2025.($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 $($a$)($b$)($c$)$ On December $21,2025,$ Tamarisk Company provided you with the following information regarding its equity investments.

During $2026,$ Colorado Co$.$ stock was sold for $\backslash$$$9,650.$ The fair value of the stock on December $31,2026,$ was Clemson Corp. stock$\backslash (\backslash$$ $21,010\backslash )$; Buffaloes Co$.$ stock $\backslash (\backslash$$ $22,380\backslash ).$ None of the equity investments result in significant influence.

$($a$)$ Prepare the adjusting journal entry needed on December $31,2025.$

$($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

$($a$)$

Account Titles and Explanation

Debit

Fair Value Adjustment

$($b$)$

Loss on Sale of Investments

Equity Investments

$($c$)$

Fair Value Adjustment