On April 1, 2018, Poppy Company invests $18,000 in Seeds, Inc. stock. Seeds pays Poppy a $300 dividend on August 1, 2018. Poppy sells the Seeds's stock on August 31, 2018, for $18,250. Assume the investment is categorized as a short-term equity investment and Poppy Company does not have significant influence over Seeds, Inc. Read the requirements. Requirement 1. Journalize the transactions for Poppy's investment in Seeds' stock. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by journalizing Poppy's initial investment in Seeds, Inc., stock. Date Accounts and Explanation Debit Credit Apr. 1 Next, journalize Poppy's receipt of the August 1 dividend. Date Accounts and Explanation Debit Credit Aug. 1 Next, journalize Poppy's receipt of the August 1 dividend. Date Accounts and Explanation Debit Credit Aug. 1 Now journalize Poppy's sale of the Seeds, Inc., stock on August 31. Date Accounts and Explanation Debit Credit Aug. 31 Requirement 2. What was the net effect of the investment on Poppy's net income for the year ended December 31, 2018? Poppy's net income for the year has by $