On March 1, 2018, Rose Company invests $12,000 in Sprouts, Inc. stock. Sprouts pays Rose a $350 dividend on October 1, 2018. Rose sells the Sprouts's stock on October 31, 2018, for $12,250. Assume the investment is categorized as a short-term equity investment and Rose Company does not have significant influence over Sprouts, Inc. Read the requirements Requirement 1. Journalize the transactions for Rose's investment in Sprouts' stock. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by journalizing Rose's initial investment in Sprouts, Inc., stock. Date Accounts and Explanation Debit Credit Mar. 1 Next, journalize Rose's receipt of the October 1 dividend. Date Accounts and Explanation Debit Credit Oct.1 Now journalize Rose's sale of the Sprouts, Inc., stock on October 31. Date Accounts and Explanation Debit Credit Oct. 31 Requirement 2. What was the net effect of the investment on Rose's net income for the year ended December 31, 2018? Rose's net income for the year has by $