On February 1, 2024, Bell Co. decides to invest excess cash of $16,800 by purchasing a Grant, Inc. bond at face value. At year-end, December 31, 2024, the fair value of the Grant bond was $19,600. The investment is categorized as a trading debt investment. Read the requirements. Requirement 1. Journalize the transactions for Bell's investment in Grant, Inc. for 2024. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Begin by journalizing Bell's investment in the Grant, Inc., bond. Date Feb. 1 Accounts and Explanation Debit Credit Journalize the adjustment, if required, at year-end, December 31, 2024. Grant's market price was $19,600 per share. Date Dec. 31 Accounts and Explanation Debit Credit Requirement 2. In what category and at what value would Bell report the asset on the December 31, 2024, balance sheet? In what account would the market price change in Grant's bond be reported, if at all? Bell would report the asset at classified as a on the balance sheet as of December 31, 2024. The market price change would Requirement 3. What was the net effect of the investment on Bell's net income for the year ended December 31, 2024? (Enter "0" as the amount if net income has not changed.) Bell's net income for the year ended December 31, 2024, has The amount by which net income as changed is