Requirement 2. Prepare a partial balance sheet for Thyme's Valant investment as of December 31, 2024. Use the partial balance sheet below to show how to report the investment on Thyme's balance sheet at December 31, 2024. (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.) Requirements 1. Journalize Thyme's investment transactions. Explanations are not required. 2. Prepare a partial balance sheet for Thyme's Valant investment as of December 31, 2024. 3. Prepare a comprehensive income statement for Thyme Investments for year ended December 31, 2024. Assume net income was $340.000 More info 2024 Jan. 5 Purchased Valant Company's $575,000 bond at face value. Thyme classified the investment as available-for-sale. The Valant bond pays interest at the annual rate of 9% on June 30 and December 31 and matures on December 31.2030. Management's intent is to keep the bonds for several years. Jun. 30 Received an interest payment from Valant. Dec. 31 Received an interest payment from Valant. Dec. 31 Adjusted the investment to its current market value of $568.500