Delivery King Corporation generated excess cash and invested in securities as follows: (Click the icon to view the transactions.) Requirements Read the requirements. Requirement 1. Classify each of the investments made during 2018. (Assume the investments represent less than 20% of ownership of outstanding voting stock.) Classification Reason Luma stock 1. Classify each of the investments made during 2018. (Assume the equity investments represent less than 20% of ownership of outstanding voting stock.) 2. Journalize the 2018 transactions. Explanations are not required 3. Prepare T-accounts for the investment assets, and show how to report the investments on Delivery King's balance sheet at December 31, 2018. 4. Where is the unrealized holding gain or loss associated with the trading debt investment reported? Zienna bond Print Done More Info 2018 Purchased 3,300 shares of Luma, Inc. common stock at $14.00 per share. Delivery King plans to sell the stock within three months, when the company will need the cash for normal operations. Delivery King does not have significant influence over Luma. Jul. 2 Aug. 21 Received a cash dividend of $0.50 per share on the Luma stock investment Sep. 16 Sold the Luma stock for $14.90 per share. Purchased a Zienna bond for $36,000 at face value. Delivery king classifies the investment as trading and short-term. Oct. 1 Dec. 31 Received a $200 interest payment from Zienna. Dec. 31 Adjusted the Zienna bond to its market value of $40,000. Print Done Choose from any drop-down list and then click Check Answer. parts remaining Clear All Check