On February 1, 2024, Maple Company invests $12,000 in Firs, Inc: stock. Firs pays Maple a $1,100 dividend on August 1, 2024 Maple sells the Firs' stock on August 31, 2024, for 512,350 . Assume the investment is categoeized as a short term equity investment and Maple Company does not have significant influence over Firs. Inc. Read the recuirements Requirement 1. Joumalize the tiansactions for Maple's itwestment in Firs' stock. (Record debits first then ciedits Seloct the explanation on the last line of the journat entry table) Begin by lournalizing Mapleis initial invostment in Firs ine, stock Requirements 1. Journalize the transactions for Maple's investment in Firs' stock 2. What was the net effect of the investment on Maple's net income for the year ended December 31, 2024