ist K 2 Delivery Dream Corporation generated excess cash and invested in securities as follows: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Classify each of the investments made during 2024. (Assume the investments represent less than 20% of ownership of outstanding voting stock.) Classification Reason 3 4 Bravo stock Pansy bond Requirement 2. Journalize the 2024 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.) Jul. 2: Purchased 4,100 shares of Bravo, Inc. common stock at $14.00 per share. Delivery Dream plans to sell the stock within three months, when the company will need the cash for normal operations. Delivery Dream does not have significant influence over Bravo. Jul, 2 Date Accounts Aug. 21: Received a cash dividend of $0.20 per share on the Bravo stock investment. Date Aug. 21 Accounts Sep. 16: Sold the Bravo stock for $15.10 per share. Date Accounts Debit Credit Debit Credit Debit Credit Time Remaining: 01:15:58 Submit quiz Requirement 3. Prepare T-accounts for the investment assets and show how to report the investments on Delivery Dream's balance sheet at December 31, 2024. Begin by preparing T-accounts for the investment assets that are remaining at December 31, 2024. (Select the investment account first, then the fair value adjustment account. If no fair value account is needed, leave that T-account heading and the remaining cells blank.) Use the partial balance sheet below to show how to report the investments on Delivery Dream's balance sheet at December 31, 2024. (If a box is not used in the balance sheet, leave the box empty; do not select a label or enter a zero.) Delivery Dream Corporation Balance Sheet (Partial) December 31, 2024 Current Assets: Long-Term Assets: Requirement 4. Where is the unrealized holding gain or loss associated with the trading debt investment reported? The unrealized holding gain (loss) associated with the trading debt investment is included in the More info 2024 Jul. 2 Aug. 21 Sep. 16 Oct. 1 Dec. 31 Dec. 31 Purchased 4,100 shares of Bravo, Inc. common stock at $14.00 per share. Delivery Dream plans to sell the stock within three months, when the company will need the cash for normal operations. Delivery Dream does not have significant influence over Bravo. Received a cash dividend of $0.20 per share on the Bravo stock investment. Sold the Bravo stock for $15.10 per share. Purchased a Pansy bond for $30,000 at face value. Delivery Dream classifies the investment as trading and short-term. Received a $180 interest payment from Pansy. Adjusted the Pansy bond to its market value of $32,000. Print Done - X The unrealized holding gain (loss) associated with the trading debt investment is included in the stme