5 Unrealized holding gains or losses on trading debt investments are reported in the Oother income and (expenses) section of the income statement accumulated other comprehensive income section of stockholder's equity current assets section of the balance sheet operating expenses section of the income statement QUESTION 6 Equity Investment 01/02/18 ABC Co. purchased 5400 shares (25%) of CRM Company for $13,500. ABC has significan influence over CRM Company. In July, 2018 CRM declared and paid a $.50 cents per share dividend on the CRM stock. For the year ended 12/31/18 CRM reported net income of $127,000. At 12/31/18, the market price of CRM stock rose to $3.25 per share. REQUIRED: 1) Record the journal entries for the 2018 transactions. 2) What is the balance in ABC Co. investment in CRM Company? 3) At 12/31/18, ABC sold the CRM investment for $41,500, record the journal entry for the sale. TTT Arial 3(12pt) TEE 80 Click Save and Submit to save and submit. Click Save All Answers to save all answers. QIXY