2018 Dec. 6 Purchased 1,000 shares of Golden stock at a price of $36.00 per share, intending to sell the investment next month. Newington did not have significant influence over Golden. 23 Received a cash dividend of $1.20 per share on the Golden stock. 31 Adjusted the investment to its market value of $18.00 per share. 2019 Jan. 27 Sold the Golden stock for $31.20 per share. Newington Today Publishers completed the following investment transactions during 2018 and 2019 (Cick the icon to view the transactions.) Requirements 1. Journalive Newington Today's investment transactions. Explanations are not required. On December 31, 2018, how would the Golden stock be classified and at what value would it be reported on the balance sheet? 2. Requirement 1. Joumalize Newington's investment transactions. Explanations are not required. Record dehits first, then credits. Exclude explanations from journal entries. If no entry is required, select "No try required on the first line of the Accounts column and leave the remaining cells blank.) Dec. 8, 2010: Purchased 1, COD shares of Gulden slock at a price of $38.00 per share, intending to sell the investment next month. Newington did not have significant influence over Galten. Date Accounts Debit Credit 2018 Dac. 6 Dec. 23, 2018: Received a cash dividend of $1.20 per share on the Golden stock Date Accounts Debit Credit 2018 Dec. 23 Dec. 31, 2018: Adjusted the investment to its market value of $18.00 per share. Date Accounts Debit Credit 2018 Dec. 31 Jan. 27, 2019: Sold the Golden stock for $31.20 per share. Date Accounts Debit Credit 2019 Jan. 27 Requirement 2. On December 31, 2018, how would the Golden stock be classified and at what value would it be reported on the balance sheet? The Golden stock would be classified as a of $ on the December 31, 2018, balance sheet