Can I get some help with this problem please ASAP?

On February 1, 2012, Park Co.decides to invest excess cash or 18,200 by purchasing :: Paynes, Inc. brands al Pisce value. Al year end, December 31, 2018, the fair value of the Payme brand was $21,700. The investment is calegorized as a trading dekat investment. Read the requirements Requirement 1. Joumalize the transactions for Parks Investment In l'ayne, Inc. for 2018. (Record delt first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Begin by journalizing Park's investment in the Payne, Inc., bond. Date Accounts and Explanation Debit Credit Fah, 1 Joumalize the adjustment, if required, at year-end, December 31, 2018. Payne's market price was 521,700 per share. Date Accounts and Explanation Debit Credit Dec. 31 Requirement 2. In what category and at what value wouls Park report the asset on the December 31, 2018, balance shes? In what acoount would the market price change in Payne's bond be reported, if at all? Park would report the asset at classified as a Jon the balance sheet as of December 31, 2018 The market price change would Requirement 3. What was the net effect of the investment on Park's net income for the year ended December 31, 2018? (Enter "0" as the amount if net income has not changed.) Park's net income for the year ended December 31, 2018, has The amount by which net income has changed is