Know All Investments completed the following investment transactions during 2018: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize Know All's investment 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 1,400 shares of Velcon stock, paying $45 per share. The investment represents 4% ownership in Velcon's voting stock. Know All does not have significant influence over Velcon. Know All intends to hold the investment for the indefinite future. Date Accounts Debit Credit Jan. 14 More Info Aug. 22: Received a cash dividend of $0.74 per share on the Velcon stock. Date Accounts Debit Credit Purchased 1,400 shares of Velcon stock, paying $45 per share. The investment represents 4% ownership in Velcon's voting stock. Know All does not have significant influence over Velcon. Know All intends to hold the Jan. 14 investment for the indefinite future. Aug. 22 Received a cash dividend of $0.74 per share on the Velcon stock. Dec. 31 Adjusted the investment to its current market value of $41 per share. Dec. 31 Velcon reported net income of $420,000 for the year ended 2018. Aug. 22 Print Done Dec. 31: Adjusted the investment to its current market value of $41 per share. Date Accounts Debit Credit Dec. 31 Requirements Dec. 31: Velcon reported net income of $420,000 for the year ended 2018. 1. Journalize Know All's investment transactions. Explanations are not required. 2. Classify and prepare a partial balance sheet for Know All's Velcon investment as of December 31, 2018. 3. Prepare a partial income statement for Know All Investments for year ended December 31, 2018. Date Accounts Debit Credit Dec. 31 Print Done Choose from any list or enter any number in the input fields and then continue to the next