On January 1, 2024. Garden Company invests $16,000 in Seeds, Inc. stock. Seeds pays Garden a $700 dividend on August 1, 2024. Garden sells the Seeds' stock on August 31, 2024, for $16,300. Assume the investment is categorized as a short-term equity Investment and Garden Company does not have significant influence over Seeds, Inc. Read the requirements Requirement 1. Journalize the transactions for Garden's investment in Seeds' 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 Seeds, Inc., stock Date Accounts and Explanation Debit Credit Jan. 1 Next, journalize Garden's receipt of the August 1 dividend. Date Accounts and Explanation Debit Credit Aug. 1 Choose from any list or enter any number in the input fields and then continue to the next question. avascript:doExercise (10) On January 1, 2024, Garden Company invests $16,000 in Seeds, Inc. stock. Seeds pays Garden a $700 dividend on August 1, 2024. Garden sells the Seeds' stock on August 31, 2024. for $16,300. Assume the investment is categorized as a short-term equity investment and Garden Company does not have significant influence over Seeds, Inc Read the requirements Next, journalize Garden's receipt of the August 1 dividend. Date Accounts and Explanation Debit Credit Aug 1 Now journalize Garden's sale of the Seeds, Inc., stock on August 31 Date Accounts and Explanation 21 Debit Credit Aug. 31 O of 1 Choose from any list or enter any number in the input fields and then continue to the next question Requirement 2. What was the net effect of the investment on Garden's net income for the year ended December 31, 20247 (Enter a net decrease with a minus sign or parentheses.) Net effect on income for the year Choose from any list or enter any number in the input fields and then continue to the next