a face value of December 31 u vedder investment as of December 31, 2018 prehensive income statement for Peyton Investments for year ended 31, 2018. Assume net income was $200,000 Tot l'equired. Prepare a comprehen December 31, 2018 counting for equity investments F-12 Account ments completed the following investment transactions during 2018: Explanations Strategic Investmen Learning Objec jan. 14 maturity en urchased 800 shares of Phyflexon stock, paying $50 per share. The investment represents 4% ownership in Phyflexon's voting stock. strategic does not have significant influence over Phyflexon. Strategic intends to hold the investment for the indefinite future. Received a cash dividend of $0.24 per share on the Phyflexon stock. Adjusted the investment to its current market value of $45 per share. Phyflexon reported net income of $330,000 for the year ended 2018. Aug. 22 Dec 31 Received Adjusted th lys bonds on Requirements alize Strategic's investment transactions. Explanations are not required. Classify and prepare a partial balance sheet for Strategic's Phyflexon investment as of December 31, 2018. 3. Prepare a partial income statement for Strategic Investments for year ended December 31, 2018