On January 1, 2024, Russell, Inc. decides to invest in 8,100 shares of Equine stock when the stock is selling for $15 per share. On August 1, 2024, Equine paid a $0.30 per share cash dividend to stockholders. On December 31, 2024, Equine reports net income of $110,000 for 2024. Assume Equine has 18,000 shares of voting stock outstanding during 2024 and Russell has significant influence over Equine. Read the resuirements Requirement 1. Identity what type of investment the Equine stock is for Russell Russell's investment would be Investment a controlling interest a held-to-maturity a no significant influence a significant influence an available for sale Click to select your answer(s) and then click Check Answer Check Answer Clear All 4 parts remaining i Requirements 1. Identify what type of investment the Equine stock is for Russell. 2. Journalize the transactions related to Russell's investment in the Equine stock during 2024. 3. In what category and at what value would Russell's report the investment on the December 31, 2024, balance sheet? Print Done