K Raider Investments completed the following transactions during 2024: (Click the icon to view the transactions.) Requirements 1. Journalize Raider's transactions. Explanations are not required. 2. Classify and prepare partial financial statements for Raider's 40% Velcon investment for the year ended December 31, 2024, Requirement 1. Journalize Raider'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 1,000 shares of Velcon stock, paying $41 per share. The investment represents 40% ownership in Velcon's voting stock and Raider has significant influence over Velcon. Raider intends to hold the investment for the indefinite future. Date Jan. 14 Accounts Debit Credit Clear all Check answer hemodoes example. Get more help - More info Jan. 14 Purchased 1,000 shares of Velcon stock, paying $41 per share. The investment represents 40% ownership in Velcon's voting stock and Raider has significant influence over Velcon. Raider intends to hold the investment for the indefinite future. Aug. 22 Received a cash dividend of $0.59 per share on the Velcon stock. Dec. 31 Velcon's current market value of $38 per share. Dec. 31 Velcon reported net income of $120,000 for the year ended 2024, X Requirement 1. Journalize Raider's transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from jumal 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 1,000 shares of Velcon stock, paying $41 per share. The investment represents 40% ownership in Velcon's voting stock and Raider has significant influence over Velcon. Raider intends to hold the investment for the indefinite future.