More info LASTRULLING Cols Diank.) Mar. 3 May 15 Purchased 3,000 shares at $13 per share of Lisa Software common stock as a long-term equity investment, representing 4% ownership, no significant influence. Received a cash dividend of $0.37 per share on the Lisa investment. Dec. 15 Received a cash dividend of $65,000 from Ellis investment. Dec. 31 Received Ellis's annual report showing $100,000 of net income. Dec. 31 Dec. 31 Received Lisa's annual report showing $900,000 of net income for the year. Ellis's stock fair value at year-end was $660,000. Dec. 31 Lisa's common stock fair value at year-end was $14 per share. Print Done Xpresenting 4% owne e year of Desk Sourd emaining cells blank of Lisa Software com and Explanation Requirements 1. Journalize the transactions for the year of Desk Source. 2. Post transactions to T-accounts to determine the December 31, 2024, balances related to the investment and investment income accounts. 3. Prepare Desk Source's partial balance sheet at December 31, 2024, from your answers in Requirement 2. 4. Where is the unrealized holding gain or loss associated with the Lisa stock reported? Print Done entry is required, select "No entry required" on