On January 1, 2018, Garden Company invests $16,000 in Sprouts, Inc. stock. Sprouts pays Garden a $600 dividend on October 1, 2018. Garden sells the Sprouts's stock on October 31, 2018, for $16,150. Assume the investment is categorized as a short-term equity investment and Garden Company does not have significant influence over Sprouts, Inc. Read the requirements. Requirement 1. Journalize the transactions for Garden's investment in Sprouts stock (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by journalizing Garden's initial investment in Sprouts, Inc., stock. Date Accounts and Explanation Debit Credit Jan. 1 W Next, journalize Garden's recei of the October 1 dividend Date Accounts and Explanation Debit Credit Ort 1 Choose from any list or enter any number in the input fields and then continue to the next question. Calculator 0 Time Limit: 02:30:00 Next Type here to search O TOL 77F Mostly sunny 10:03 AM 4ENG ves Requirements - X urnal entry tab Ing Lion 1. Journalize the transactions for Garden's investment in Sprouts's stock. 2. What was the net effect of the investment on Garden's net income for the year ended December 31, 2018? Print Done on Debit Credit s and then continue to the next question. Read the equirements Next, journalize Garden's receipt of the October 1 dividend. Date Accounts and Explanation Debit Credit Oct. 1 Now journalize Garden's sale of the Sprouts, Inc., stock on October 31. Date Accounts and Explanation Debit Credit Now journalize Garden's sale of the Sprouts, Inc., stock on October 31. Date Accounts and Explanation Debit Credit Oct. 31 Requirement 2. What was the net effect of the investment on Garden's net income for the year ended December 31, 2018? Garden's net income for the year has by $ Choose from any list or enter any number in the input fields and then continue to the next question. Calculator