On January 1, 2018, Redbud Company purchased an investment in Roadrunner Company common stock for $100,000. 1-1-18 entry Investment in Roadrunner common stock 100,000 Cash 100,000 9-1-18 entry Cash 5,000 Dividend revenue 5,000 Requirement 1: Show the entry recorded on December 31, 2018, the effect of the 12-31-18 entry on the financial statements, and the amounts reported on the 2018 financial statements. Show computations to support your answers. On December 31, 2018, the fair value of Roadrunner Co. stock was $90,000. Redbud recorded an adjustment to fair value using a Fair Value Adjustment account, a supplemental asset account. 12-31-18 entry: ASSETSLIABILITIES +SHAREHOLDERS EQUITY 2018 NET INCOME 2018 income statement 2018 balance sheet