Green Back Investments completed the following transactions during $2024$:

$($Click the icon to view the transactions.$)$

Requirements

Journalize Green Back's transactions. Explanations are not required.

Classify and prepare partial financial statements for Green Back's $45\%$ Neutron investment for the year ended December $31,2024.$

Requirement $1.$ Journalize Green Back's transactions. Explanations are not required. $($Record debits first, then credits. Exclude explanations from journal entries. If no entry is required, select $"$No entry required" on the first line of the Accounts column and leave the remaining cells blank.$)$

Jan. $14$: Purchased $900$ shares of Neutron stock, paying $$52$ per share. The investment represents $45\%$ ownership in Neutron's voting stock and Green Back has significant influence over Neutron. Green Back intends to hold the investment for the indefinite future.

$\backslash$table$[[$Date$,$Accounts,Debit,Credit$],[$Jan$.14],[,,,],[,,,],[,,,]]$

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Jan. $14$ Purchased $900$ shares of Neutron stock, paying $$52$ per share. The investment represents $45\%$ ownership in Neutron's voting stock and Green Back has significant influence over Neutron. Green Back intends to hold the investment for the indefinite future.

Aug. $22$ Received a cash dividend of $$0\mathrm{.}87$ per share on the Neutron stock.

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Dec. $31$ Neutron's current market value of $$48$ per share.

Dec. $31$ Neutron reported net income of $$400,000$ for the year ended $2024.$