Windsor Corporation purchased360shares of Sherman Inc. common stock for $11,900 (Windsor does not have significant influence). During the year, Sherman paid a cash dividend of $3.25per share. At year-end, Sherman stock was selling for $37.50per share.

 Windsor Corporation purchased360shares of Sherman Inc. common stock for $11,900 (Windsor does not have significant influence). During the year, Sherman paid a cash dividend of $3.25per share. At year-end, Sherman stock was selling for $37.50per share.
Prepare Windsor' journal entries to record (a) the purchase of the investment, (b) the dividends received, and (c) the fair value adjustment.