On March 1, 2018, Toby's Restaurant decides to invest excess cash of $55,400 from the tourist season by purchasing a VOIT, inc. Dond at tace value. At year-end, December 31, 2018, Wolf's bond had a market value of $53,000. The investment is categorized as an available-for-sale debt investment and will be held for the short-term. Read the requirements. Fair Value Adjustment-Available-for-Sale 2,400 Adjusted available-for-sale debt investment to market value. Requirement 2. In what category and at what value would Toby report the asset on the December 31, 2018, balance sheet? In what account would the market price change in Wolf's stock be reported, if at all? The Wolf investment would be reported as on the December 31, 2018, balance sheet in the current asset amount is reported in Other Comprehensive Income. of $ . The market price change 1. Journalize the transactions for Toby's investment in Wolf, Inc. for 2018 2. In what category and at what value would Toby report the asset on the December 31, 2018, balance sheet? In what account would the market change in Wolf's stock be reported, if at all? 3. What was the net effect of the investment on Toby's net income for the year ended December 31, 2018