Requirement 1. Journalize Strategic'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 required" on the first line of the Accounts column and leave the remaining cells blank) Jan. 14: Purchased shares of Phyflexon stock, paying $50 per share. The investment represents 4% ownership in Phyflexon's voting stock. Strategic does not have significant influence over Phyflexon. Strategic intends to hold the investment for the indefinite future. Date Accounts Debit Credit Jan. 14 * More Info Aug. 22: Received a cash dividend of 50.24 per share on the Phyflexon stock Date Accounts Aug 22 Purchased 800 shares of Phyflexon stock, paying $50 per share. The investment represents 4% ownership in Phyflexon's voting stock. Strategia does not have significant influence over Phyllexon. Strategic intends to hold Jan. 14 the investment for the indefinite future Aug. 22 Received a cash dividend of 50.24 per share on the Phyflexon stock Dec. 31 Adjusted the investment to its current market value of $45 per share. Dec. 31 Phyflaxon reported net income of $330,000 for the year ended 2018 Debit Credit Print Done Dec. 31: Adjusted the investment to its current market value of $45 per share. Date Accounts Debit Credit Dec. 31 * Requirements Dec. 31: Phyflexon reported net income of $330,000 for the year ended 2018 Date Accounts 1. Journalize Srategic's investment transactions. Explanations are not required. 2. Classify and prepare a partial balance sheet for Strategic's Phyflexon investment as of December 31, 2018 3. Prepare a partial income statement for Strategic Investments for year ended December 31, 2018 Debit Credit Dec 31 Print Done Requirement 2. Classify and prepare a partial balance sheet for Strategic's Phyflexon investment as of December 31, 2018. (Use a minus sign or parentheses to enter a loss. If a box is not used in the balance sheet, leave the box empty; do not select a label or enter a zero. Strategic Investments Balance Sheet (Partial) December 31, 2018 Current Assets Long-term Assets Stockholders' Equity Accumulated Other Comprehensive Income Requirement 3. Prepare a partial Income statement for Strategic Investments for year ended December 31, 2018. (Use a minus sign or parentheses to enter a loss.) Strategic Investments Income Statement (Partial) For the Year Ended December 31, 2018 Other Income and (Expenses)