On January 1, 2024, Bark Company invests 510,000 in Roots, Inc. Stock Rools pays Barka 5400 dividend on August 1, 2024. Bark sells the Roots stock on August 31, 2024, For S10,450 Assume the investment is categorized as a short-term equity investment and Bark Company does not have significant influence over Roots Inc Read the requirements stio urer) itions son Requirement 1. Journalize the transactions for Bark's investment in Roots' stock. (Record debits first, then credits Select the explanation on the last line of the journal entry table) Begin by Journalizing Berk's initial investment in Roots, Inc., stock Accounts and Explanation Debit Credit Jan 1 Date ntin questi - a ph no to Pendy Nex, journalize Bark's receipt of the August 1 dividend Date Accounts and Explanation Debit Credit Aug 1 -8888 Now journalize Bark's sale of the Roots, Inc, stock on August 31 Date Accounts and Explanation Debit Credit books Aug 31 Horr Acco 11th Choose from any list or enter any number in the input Gelds and then continue to the next question Alons Next, journalize Bark's receipt of the August 1 dividend. Date Accounts and Explanation Debit Credit Aug 1 1 3 Now journalize Bark's sale of the Roots, Inc, stock on August 31 Date Accounts and Explanation Aug 31 Debit Credit Es Requirement 2. What was the net effect of the investment on Bark's net income for the year ended Decomber 31, 20247 (Enter a net decrease with a minus sign or parentheses) Net effect on income for the years for Ith Choose from any list or enter any number in the input nields and then continue to the next question Time Remaining:02 32 35 Next 61F 7:52 PM 8/6/2021