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1. Journalize Money Man's investment transactions. Explanations are not required 2. Classily and prepare a partial balance sheet for Money Man's Tycon investment as of
1. Journalize Money Man's investment transactions. Explanations are not required 2. Classily and prepare a partial balance sheet for Money Man's Tycon investment as of December 31, 2018 3. Prepare a partial income statement for Money Man Investments for year ended December 31, 2018 Jan. 14 Purchased 600 shares of Tycon stock, paying $47 per share. The investment represents 4% ownership in Tycon's voting stock Money Man does not have significant influence over Tycon Money Man intends to hold the investment for the indefinite future. Aug. 22 Received a cash dividend of $0.52 per share on the Tycon stock Dec. 31 Adjusted the investment to its current market value of $42 per share. 31 Tycon reported net income of $400,000 for the year ended 2018
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