Skywalker Limited purchased shares of Jedi Jewelers during 2015 for $124,000.Skywalker elected the fair value option for accounting for this investment.At year end 2015,2016,and 2017,this investment had a fair value of $120,000,$130,000,and $135,000,respectively.Record the journal entries for the purchase of this investment and the adjustment to fair value for each of the three year listed.
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2015 Fair Value Adjustment
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