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Please help with requirement 2 Raider Investments completed the following investment transactions during 2024 i (Click the icon to view the transactions.) () Requirements 1.

image text in transcribedimage text in transcribedPlease help with requirement 2

Raider Investments completed the following investment transactions during 2024 i (Click the icon to view the transactions.) () Requirements 1. Journalize the entries for 2024. Explanations are not required. 2. What account(s) and amount(s), if any, would be reported on Raider's income statement for the year ended December 31, 2024? Requirement 1. Journalize the entries for 2024. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. If no entry is required, select "No entry required' on the first line of the Accounts column and leave the remaining cells blank.) Jan. 14: Purchased 700 shares of Naradon stock, paying $54 per share. The investment represents 3% ownership in Naradon's voling stock. Raider does not have significant influence over Naradon. Raider intends to hold the investment for the indefinite future. Date Accounts Debit Credit 37.800 Jan. 14 - X Equity InvestmentsNaradon Cash More info 37,800 Aug. 22: Received a cash dividend of $0.37 per share on the Naradon stock. Jan. 14 Purchased 700 shares of Naradon stock, paying $54 per share. The investment represents 3% ownership in Naradon's voting stock. Raider does not have significant influence over Naradon. Raider intends to hold the investment for the indefinite future. Aug. 22 Received a cash dividend of $0.37 per share on the Naradon stock. Dec. 31 Adjusted the Naradon investment to its current market value of $58. Date Accounts Debit Credit Aug. 22 Cash 259 Dividend Revenue 259 Print Done Dec. 31: Adjusted the Naradon investment to its current market value of $56. II Raider Investments completed the following investment transactions during 2024: (Click the icon to view the transactions.) Requirements Journalize the entries for 2024. Explanations are not required. What account(s) and amount(s), if any, would be reported on Raider's income statement for the year ended December 31, 2024? 1. wy. Dividend Revenue 259 Dec. 31: Adjusted the Naradon investment to its current market value of $56. Date Debit Credit Dec. 31 Accounts Fair Value Adjustment-Equity Investments Unrealized Holding Gain-Equity Investments 1,400 More info 1,400 Requirement 2. What account(s) and amounts), if any, would be reported on Raider's income statement for the year ende Jan. 14 Purchased 700 shares of Naradon stock, paying $54 per share. The investment represents 3% ownership in Naradon's voting stock. Raider does not have significant influence over Naradon. Raider intends to hold the investment for the indefinite future. Aug. 22 Received a cash dividend of $0.37 per share on the Naradon stock. Dec. 31 Adjusted the Naradon investment to its current market value of $56. Raider Investments Income Statement (Partial) For the Year Ended December 31, 2024 Other Income and (Expenses) Print Done

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