Jetson Corporation generated excess cash and invested in securities as follows: View the transactions. Read the requirements. Requirement 1. Classify each of the investments made during 2025. (Assume the investments represent less than 20% of ownership of outstanding voting stock.) Purple, Inc. stock Orange Company bond Classification Reason nsactions Requirements Purchased 4,000 shares of Purple, Inc. common stock at $14.00 per share. Jetson Corporation plans to sell the stock within three months, when the company will need the cash for normal operations. Jetson Corporation does not have significant influence over Purple, Inc. 21 Received a cash dividend of $0.60 per share on the Purple, Inc. stock investment. 16 31 31 Sold the Purple, Inc. stock for $15.60 per share. Purchased a Orange Company bond for $30,000 at face value. Jetson Corporation classifies the investment as trading and short-term. Received a $160 interest payment from Orange Company. Adjusted the Orange Company bond to its fair value of $34,000. 1. Classify each of the investments made during 2025. (Assume the equity investments represent less than 20% of ownership of outstanding voting stock.) 2. Journalize the 2025 transactions. Explanations are not required. 3. Prepare T-accounts for the investment assets, and show how to report the investments on Jetson Corporation's balance sheet at December 31, 2025. 4. Where is the unrealized holding gain or loss associated with the trading debt investment reported? Print Done Print Done - X