On December 12, 2018, an investment costing $88,000 was sold for $116,000. The total of the sale proceeds was credited to the investment account. Required: 1. Prepare the journal entry to correct the error assuming it is discovered before the books are adjusted or closed in 2018. (Ignore income taxes.) 2. Prepare the journal entry to correct the error assuming it is not discovered until early 2019. (Ignore income taxes.) Complete this question by entering your answers in the tabs below Required 1Required 2 Prepare the journal entry to correct the error assuming it is discovered before the books are adjusted or closed in 2018. (Ignore income taxes.) (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet View transaction list Journal entry worksheet Record correction of error Note: Enter debits before credits Event General Journal Debit Credit Required 1 Reqired 2 Prepare the journal entry to correct the error assuming it is not discovered until early 2019. (Ignore income taxes.) (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record correction of error Note: Enter debits before credits Event General Journal Debit Credit