On March 1, 2018, Poppy Company invests $12,000 in Pears, Inc. stock. Pears pays Poppy a $500 dividend on August 1, 2018. Poppy sells the Pears's stock on August 31, 2018, for $12,350. Assume the investment is categorized as a short-term equity investment and Poppy Company does not have significant influence over Pears, Inc. Read the requirements. Requirement 1. Journalize the transactions for Poppy's investment in Pears' stock. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by journalizing Poppy's initial investment in Pears, Inc., stock. Date Accounts and Explanation Debit Credit Mar. 1 i Requirements 1. Journalize the transactions for Poppy's investment in Pears's stock. 2. What was the net effect of the investment on Poppy's net income for the year ended December 31, 2018? Print Done