Accounting for stock investments Creative Investments completed these long-term, available-for-sale investment transaction during 2014. Jan 4 Purchased 500 shares of Microscape stock, paying $54 per share. The investment represent 2% ownership in Microscape voting stock. Creative intends to hold the investment for the indefinite future. Aug 22 Received cash dividend of $0.30 per share on the Microscape stock. Dec 31 Adjusted the investment to its current market value of $52 per share. Dec 31 Microscape reported net income of $200,000 for the year ended 2014 Requirements 1.Journalize Creatives investment transactions. Explanations are not required. 2.Classify and prepare partial financial statements for Creatives Microscape investment as of December 31, 2014. Assume Creative Investments net income for the year is $80,000