Requirement 1. Classify each of the investments made during 2024. (Assume the investments represent less than 20% of ownership of outstanding voting stock.) Prax stock Solane bond Classification Reason Requirement 2. Journalize the 2024 transactions. 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.) Jul. 2: Purchased 3,400 shares of Prax, Inc. common stock at $11.00 per share. Dream plans to sell the stock within three months, when the company will need the cash for normal operations. Dream does not have significant influence over Prax. Date Jul. 2 Accounts Aug. 21: Received a cash dividend of $0.30 per share on the Prax stock investment. Date Aug. 21 Accounts Sep. 16: Sold the Prax stock for $14.20 per share. Date Sep. 16 Debit Credit Debit Credit Accounts Debit Credit