Requirements 1. Classify each of the investments made during 2018. (Assume the equity investments represent less than 20% of ownership of outstanding voting stock.) 2. Journalize the 2018 transactions. Explanations are not required. 3. Prepare T-accounts for the investment assets, and show how to report the investments on Captain Transfer's balance sheet at December 31, 2018. 4. Where is the unrealized holding gain or loss associated with the trading debt investment reported? Total dividend received = Number of shares x dividend per share Total cash received = Number of shares x cash received per share Gain on disposal = Total cash received total cost Unrealized holding gain = Total fair value total cost Requirement 3 : \begin{tabular}{l|l|l} \multicolumn{3}{c}{ Fair Value Adjustment - Trading } \\ \hline Dec. 31 & & \\ \hline Bal. & & \\ \hline \hline \end{tabular} CAPTAIN TRANSFER CORPORATION Balance Sheet (Partial) December 31, 2018 Current Assets: Trading Debt Investments (at fair value; cost $40,000 ) Requirement 4: Unrealized holding gain associated with trading debt investment is reported in income statement under Requirements 1. Classify each of the investments made during 2018. (Assume the equity investments represent less than 20% of ownership of outstanding voting stock.) 2. Journalize the 2018 transactions. Explanations are not required. 3. Prepare T-accounts for the investment assets, and show how to report the investments on Captain Transfer's balance sheet at December 31, 2018. 4. Where is the unrealized holding gain or loss associated with the trading debt investment reported? Total dividend received = Number of shares x dividend per share Total cash received = Number of shares x cash received per share Gain on disposal = Total cash received total cost Unrealized holding gain = Total fair value total cost Requirement 3 : \begin{tabular}{l|l|l} \multicolumn{3}{c}{ Fair Value Adjustment - Trading } \\ \hline Dec. 31 & & \\ \hline Bal. & & \\ \hline \hline \end{tabular} CAPTAIN TRANSFER CORPORATION Balance Sheet (Partial) December 31, 2018 Current Assets: Trading Debt Investments (at fair value; cost $40,000 ) Requirement 4: Unrealized holding gain associated with trading debt investment is reported in income statement under