S10-3 Accounting for equity investments On January 1, 2018, Bark Company invests $10,000 in Roots, Inc. stock. Roots pays Bark a $400 dividend on August 1, 2018. Bark sells the Roots's stock on August 31, 2018, for $10,450. Assume the investment is categorized as a short-term equiry investment and Bark Company does not have significant influence over Roots, Inc. Requirements 1. Journalize the transactions for Bark's investment in Roots's stock. 2. What was the net effect of the investment on Bark's net income for the year ended December 31, 2018