Requirements

1. Journalize the entries for 2024. Explanations are not required.

2. What account(s) and amount(s), if any, would be reported on Raider's income statement for the year ended December 31, 2024?

Raider Investments completed the following investment transactions during 2024: 1) (Click the icon to view the transactions.) Requirements 1. Journalize the entries for 2024 . Explanations are not required. 2. What account(s) and amount(s), if any, would be reported on Raider's income statement for the year ended December 31, 2024? Requirement 1. Joumalize the entries for 2024. 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 700 shares of Robotic stock, paying $55 per share. The investment represents 2% ownership in Robotic's voting stock. Raider does not have significant influence over Robotic. Raider intends to hold the investment for the indefinite future. Aug. 22: Received a cash dividend of $0.26 per share on the Robotic stock. Dec. 31: Adjusted the Robotic inventment to its current market value of $59. More info Jan. 14 Purchased 700 shares of Robotic stock, paying $55 per share. The investment represents 2\% ownership in Robotic's voting stock. Raider does not have significant influence over Robotic. Raider intends to hold the investment for the indefinite future. Aug. 22 Received a cash dividend of $0.26 per share on the Robotic stock. Dec.31 Adjusted the Robotic investment to its current market value of $59. Requirement 2. What account(s) and amount(s), if any, would be reported on Raider's income statement for the year ended December 31,2024? (Use parentheses or a minus sign for a loss.)