E16-1 Nations Bank, headquartered in Charlotte. North Carolina, holds huge portfolios of investments. Suppose Nations Bank completed the following investment transactions: 20X1 Dec. 6 Purchased 1.000 shares of Goodyear Tire & Rubber Co. stock for $70,000. Nations Bank plans to sell the stock at a profit next month. 20X2 30 Received a quarterly cash dividend of $0.85 per share on the Goodyear stock. 31 Adjusted the investment in Goodyear stock. Current market value is $67.000. and Nations Bank plans to sell the stock early in 20X2. Jan. 14 Sold the Goodyear stock for $71.000. Required 1. Journalize the Nations Bank investment transactions. Explanations are not required. 2. Show how Nations Bank would report its investment in the Goodyear stock on the bal- ance sheet at December 31, 20X1.