Olivia Wilson is pleased with the growth of her business, Canyon Canoe Company. She has decided to invest its temporary excess cash in a brokerage account. The company had the following securities transactions in 2017.

2017

Jul 1 - Purchased 8,000 shares in Adobe Outdoor Adventure Company for $3 per share. Canyon Canoe does not have significant influence over Adobe.

Jul 7 - Purchased 35% of the stock of Bison Backpacks consisting of 43,750 shares of stock (out of a total of 125,000 shares) for $5 per share. Canyon Canoe does have significant influence over Bison.

Jul 10 - Purchased a bond from Camelot Canoes with a face value of $80,000. Canyon Canoe intends to hold the bond to maturity. The bond pays interest semiannually on June 30 and December 31.

Sep 30 - Received dividends of $0.15 per share from Adobe.

Nov 1 - Received dividends of $0.30 per share from Bison.

Dec 31 - Received an interest payment of $3,200 from Camelot Canoes.

Dec 31 - Bison Backpacks reported net income of $30,000 for the year.

Dec 31 - Adjusted the Adobe stock for a market value of $2.98 per share.

REQUIREMENTS:

1) Journalize the transactions including any entries, if required, at December 31, 2017.

2) Determine the effect on Canyon Canoe Company's net income for the year for each of the three investments.

I have finished requirement 1 already (it's below) I need help with requirement 2 please! It's the one I'm struggling with.

Date Account Head and Explanation \" Credit Jul-DI Investment in Adobe 241000 Cash 24,000 [Record the purchase of 81000 share of Adobe Outdoor Adventure Company for $3 per share} JulD? Investment in Bison Backpacks 218350 Cash 218,?50' [Record the purchase of 43EEO shares of Bison Backpacks consisting of 35% at $5 per shares} Jul-10 Investment in Camelot Canoes 00,000 Cash SUICIDE [Record the purchase of Bonds of Camelot company] Dividend Income - ndotre - LEGO [Record the dividend received from Adobe at 513.15 per share * 81000 shares) - Dividend Inorne - Bison - 13,125 [Record the dividend received from Bison at $0.30 per share " 43,?50 shares] 3'200 - Interest | ncorne - Camelot Canoes - 32-30 - [Record the Interest receipt from Bond of Camelot Canoes] - Bison Company,r - Investments - 10,500 Dec-31 Revaluation loss 160 Investments in Adobe 160