Requirements * More Info Jul. 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 Delivery King's balance sheet at December 31, 2018 4. Where is the unrealized holding gain or loss associated with the trading debt investment reported? 2018 2 Purchased 3.500 shares of Micro Inc. common stock at $14.00 per share Delivery King plans to sell the stock within three months, when the company will need the cash for normal operations. Delivery King does not have significant influence over Micro Aug. 21 Received a cash dividend of $0.40 per share on the Microstock investment Sep. 16 Sold the Microstock for $15.10 per share. Oct 1 Purchased a Russo bond for $28,000 at face value Delivery king classes the investment as trading and short-term Dec. 31 Received a $200 interest payment from Russo 31 Adjusted the Russo bond to its market value of $31.000 Print Done