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E15-13 Accounting for stock investments Green Back Investments completed the following transactions during 2016: .200 shares of Sysky stock paying 46 per share. The investment ts 25% ownership in Syskys voting stock. Green Back intends to hold or the indefinite future Aug. 22 Received a cash dividend of S0.34 per share on the Snky stock. Dec. 3 Sysky reported net income of S330.000 for the year ended 2016. Requirements 1. Journalize Green Back's transactions. Explanations are not required. 2. Classify and prepare partial financial statements for Green Back's 25% Sysky investment for the year ended December 31, 2016. P15-19A Accounting for stock investments Learning objectives 3,4 1. Dec. 31 Fair Value Adjustment AFS DR S36,000 The beginning balance sheet of Desk Source Co. included an $850,000 investment in Parson stock (20% ownership). During the year, Desk Source completed the following investment transactions: Mar, 3 Purchased 9,000 shares at S9 per share of Andy Software common stock as a long-term available-for-sale investment, representing 79 ownership. Received a cash dividend of so.57 per share on the Andy ivestment. May 15 Received a cash dividend of S80,000 from Parson investment. Received Parsons annual report showing 5300.000 of net income. Received Andy's annual report showing SS00.000 of net income for the year Parsons stock fair value at common stock fair value at year-end was S13 per share. Requirements 1. Journalize the transactions for the year of Desk Sources 2. Post transactions to Taccounts to determine the December 31, 2016, balances related to the investment and investment income accounts. 3. Prepare Desk Source's partial balance sheet at December 31, 2016 from your answers in Requirement 2