Expert Q&A Done PARTS: INVESTMENTS 20 POINTS 1) On January 1, 2018, West Coast Boats puids 1,850,000 for its 30% investment in East Coast Autos After the purchase, West Coast Boats has significant influence over East Coast Autos. East Coast Autos camed net income of $30,000,000 and paid cash dividends of S15,000,000 to all outstanding stockholders during 2018 Assume all outstanding stock is voting stock Requirement: 1. Journalize all required 2018 transactions related to West Coast Bouts' investment in East Coast Autos Omit explanations 2) On October 1, 2018, North Co, invested excess cash of $80.000 by purchasing bonds of South Inc. At year-end. December 31, 2018, the market price of the bonds was $77,000. The investment is categorized as a trading debt investment, Joumalize the adjusting entry needed at December 31, 2018. Omit explanation Paused