Hi I need help quickly with this problem please? Its regarding accounting. Thank you in advance for your help.

On. In January 1, 2018, Wallace, Inc. decides to invest in 6.300 shares of Yearling stock when the stock is selling for $20 per shars. On June 1, 2018 Yearling paid a $1.10 per share cash dividend to stockholders. On December 31, 2018, Yearling reports net income of $120,000 for 2018. Assume Yearling has 14.000 shares of voting stock outstanding during 2018 and Walace has significant influence over Yearling. Read the requirements Requirement 1. Identify what type of investment the Yearling stock is for Wallace Wallace's investment would be investment Requirement 2. Journalize the transactions related to Wallace's investment in the Yearling stock during 2018 Record debits first, then credits. Select the explanation on the last line of the journal entry table. If na entry is required, select "No entry required on the first line of the Accounts and Explanation column and leave the remaining cells blank.) January 1: Wallace, Inc. decides to invest in 8,300 shares of Yearling stock when the stock is selling for S20 per share. Date Accounts and Explanation Debit Credit Jan 1 June 1: Yearling paid a $1.10 per share cash dividend to stockholders. Date Accounts and Explanation Debit Credit Jun. 1 December 31: Yearling reports net income of $120,000 for 2018. Date Accounts and Explanation Debit Credit Dec. 31 Requirement 3. In what category and at what value would Wallace's report the investment on the December 31, 2018, balance sheet? Wallace would report a of on the December 31, 2018, balance sheet