P15-19A Classifying and accounting for debt and equity investments Learning Objectives 1, 2, 3 Jetway Corporation generated excess cash and invested in securities as follows: 2. Sep. 16 Gain on Disposal CR $5,880 2018 Purchased 4,200 shares of Pogo, Inc. common stock at $12.00 per share. Jetway plans to sell the stock within three months, when the company will need the cash for normal operations. Jetway does not have significant influence over Pogo. Received a cash dividend of $0.80 per share on the Pogo stock investment. Sold the Pogo stock for $13.40 per share. Purchased a Violet bond for $20,000 at face value. Jetway classifies the investment as trading and short-term. Received a $100 interest payment from Violet. Jul. 2 Aug. 21 Sep. 16 Oct. 1 Dec. 31 31 Adjusted the Violet bond to its market value of $22,000 Requirements 1. Classify cach of the investments made during 2018. (Assume the equity invest- ments represent less than 20% of ownership of outstanding voting stock.) 2. Journalize the 2018 transactions. Explanations are not required. 3. Prepare Taccounts for the investment assets, and show how to report the invest- ments on Jetway's balance sheet at December 31, 2018. 4. Where is the unrealized holding gain or loss associated with the trading debt investment reported