Newington Today Publishers completed the following investment transactions during 2024 and 2025 (Click the icon to view the transactions.) Requirements 1. Journalize Newington Today's Investment transactions. Explanations are not required. 2. On December 31, 2024, 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, thon 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, 2024: Purchased 3,000 shares of Lovely stock at a price of $31.00 per share, intending to sell the investment next month, Newington did not have significant Influence over Lovely Accounts Debit Date Credit 2024 Dec. 6 More Info od Dec. 6, 2024 Dec. 23, 2024 Dec. 31, 2024 Jan. 27, 2025 Purchased 3,000 shares of Lovely stock at a price of $31.00 per share, intending to sell the investment next month. Newington did not have significant influence over Lovely. Received a cash dividend of $1.50 per share on the Lovely stock. Adjusted the investment to its market value of $12.00 per share. Sold the Lovely stock for $16.20 per share. Print Done