Question Money Man Investments completed the following investment transactions during 2024: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize Money Man's investment transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. If no entry is required, select "No entry requi first line of the Accounts column and leave the remaining cells blank.) Jan. 14: Purchased 500 shares of Microscape stock, paying $42 per share. The investment represents 3% ownership in Microscape's voting stock. Money Man does not have significant influence over Microscape. Mone intends to hold the investment for the indefinite future. Date Accounts Debit Credit More Info Jan. 14 Equity Investments 21,000 Cash 21,000 Aug. 22: Received a cash dividend of $0.26 per share on the Microscape stock. Jan. 14 Purchased 500 shares of Microscape stock, paying $42 per share. The investment represents 3% ownership in Microscape's voting stock. Money Man does not have significant influence over Microscape. Money Man intends to hold the investment for the indefinite future. Aug. 22 Received a cash dividend of $0.26 per share on the Microscape stock. Dec. 31 Adjusted the investment to its current market value of $37 per share. Dec. 31 Microscape reported net income of $400,000 for the year ended 2024. Date Accounts Debit Credit Aug. 22 Cash 130 Dividend Revenue 130 Print Done Dec. 31: Adjusted the investment to its current market value of $37 per share. II Read the requirements. Date Accounts Debit Credit Dec. 31 No entry required Requirement 2. Classify and prepare a partial balance sheet for Money Man's Microscape investment as of December 31, 2024. (Use a minus sign or parentheses to enter a loss. If a box is not used in the balance the box empty; do not select a label or enter a zero.) Money Man Investments Balance Sheet (Partial) December 31, 2024 Requirements -X Current Assets: Long-term Assets: 1. Journalize Money Man's investment transactions. Explanations are not required. 2. Classify and prepare a partial balance sheet for Money Man's Microscape investment as of December 31, 2024. 3. Prepare a partial income statement for Money Man Investments for year ended December 31, 2024. Stockholders' Equity Accumulated Other Comprehensive Income: Print Done Choose from any list or enter any number in the input fields and then click Check