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Requirements May 15: Received a cash dividend of $0.79 per share on the Rast investment. Dec. 15: Received a cash dividend of $60,000 from Ellen investment. Dec. 31: Received Ellen's annual report showing $100,000 of net income. 1. Journalize the transactions for the year of Book Source. 2. Post transactions to T-accounts to determine the December 31, 2024, balances related to the investment and investment income accounts. 3. Prepare Book Source's partial balance sheet at December 31, 2024, from your answers in Requirement 2. 4. Where is the unrealized holding gain or loss associated with the Rast stock reported? Dec. 31: Received Rast's annual report showing $200,000 of net income for the year. Dec. 31: Ellen's stock fair value at year-end was $465,000. No entry required Available-for-Sale Debt Investments Cash Dividend Revenue Equity Investments Equity Investments-Ellen Fair Value Adjustment_Available-for-Sale Fair Value Adjustment-Equity Investments Fair Value Adjustment-Held-to-Maturity Fair Value Adjustment-Trading Gain on Disposal Held-to-Maturity Debt Investments Interest Revenue Loss on Disposal Revenue from Investments Trading Debt Investments Unrealized Holding GainAvailable-for-Sale Unrealized Holding Gain-Equity Investments Unrealized Holding Gain-Held-to-Maturity Unrealized Holding Gain-Trading Unrealized Holding Loss-Available-for-Sale Unrealized Holding Loss-Equity Investments Unrealized Holding Loss-Held-to-Maturity Unrealized Holding Loss-Trading \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{c|}{ Equity Investments_Ellen } \\ \hline \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} Equity Investments Dividend Revenue Fair Value Adjustment-Equity Investments \begin{tabular}{l} Book Source, Co. \\ Balance Sheet (Partial) \\ December 31, 2024 \\ Assets \\ Current Assets: \\ \hline Long-term Assets: \\ \hline \\ \hline \\ \hline Sccumulated Other Comprehensive Income: \\ \hline \end{tabular} accumulated other comprehensive income section on the balance sheet. balance sheet as a contra account to the trading debt investment account. revenues section of the income statement. other income and (expenses) section on the income statement. Requirements May 15: Received a cash dividend of $0.79 per share on the Rast investment. Dec. 15: Received a cash dividend of $60,000 from Ellen investment. Dec. 31: Received Ellen's annual report showing $100,000 of net income. 1. Journalize the transactions for the year of Book Source. 2. Post transactions to T-accounts to determine the December 31, 2024, balances related to the investment and investment income accounts. 3. Prepare Book Source's partial balance sheet at December 31, 2024, from your answers in Requirement 2. 4. Where is the unrealized holding gain or loss associated with the Rast stock reported? Dec. 31: Received Rast's annual report showing $200,000 of net income for the year. Dec. 31: Ellen's stock fair value at year-end was $465,000. No entry required Available-for-Sale Debt Investments Cash Dividend Revenue Equity Investments Equity Investments-Ellen Fair Value Adjustment_Available-for-Sale Fair Value Adjustment-Equity Investments Fair Value Adjustment-Held-to-Maturity Fair Value Adjustment-Trading Gain on Disposal Held-to-Maturity Debt Investments Interest Revenue Loss on Disposal Revenue from Investments Trading Debt Investments Unrealized Holding GainAvailable-for-Sale Unrealized Holding Gain-Equity Investments Unrealized Holding Gain-Held-to-Maturity Unrealized Holding Gain-Trading Unrealized Holding Loss-Available-for-Sale Unrealized Holding Loss-Equity Investments Unrealized Holding Loss-Held-to-Maturity Unrealized Holding Loss-Trading \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{c|}{ Equity Investments_Ellen } \\ \hline \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} Equity Investments Dividend Revenue Fair Value Adjustment-Equity Investments \begin{tabular}{l} Book Source, Co. \\ Balance Sheet (Partial) \\ December 31, 2024 \\ Assets \\ Current Assets: \\ \hline Long-term Assets: \\ \hline \\ \hline \\ \hline Sccumulated Other Comprehensive Income: \\ \hline \end{tabular} accumulated other comprehensive income section on the balance sheet. balance sheet as a contra account to the trading debt investment account. revenues section of the income statement. other income and (expenses) section on the income statement