Newington Today Publishers completed the following investment transactions during 2018 and 2019 (Click the icon to view the transactions.) Requirements 1. Joumalize Newington Today's investment transactions. Explanations are not required 2. On December 31, 2018, how would the Lovely stock be classified and at what value would it be reported on the balance sheet? Requirement 1. Journalize Newington'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.) Dec 6, 2018: Purchased 1,000 shares of Lovely stock at a price of $25.00 per share, intending to sell the investment next month. Newington did not have significant influence over Lovely. Date Accounts Debit Credit 2018 Dec. 6 2018 Dec. 6 Purchased 1,000 shares of Lovely stock at a price of $25.00 per share, intending to sell the investment next month. Newington did not have significant influence over Lovely. 23 Received a cash dividend of $1.20 per share on the Lovely stock. 31 Adjusted the investment to its market value of $21.00 per share. 2019 Jan. 27 Sold the Lovely stock for $24.60 per share