st K question: 1 point(s) possible The beginning balance sheet of Stamp Source Co. included a $700,000 investment in Elk stock (35% ownership, Stamp has significant influence over Elk). During the year, Stamp Source completed the following investment transactions: (Click the icon to view the transactions.) Read the requirements. Requirements - More info Mar. 3 1. Journalize the transactions for the year of Stamp Source. 2. Post transactions to T-accounts to determine the December 31, 2024, balances related to the investment and investment income accounts. May 15 Purchased 9,000 shares at $6 per share of Josh Software common stock as a long-term equity investment, representing 2% ownership, no significant influence. Received a cash dividend of $0.47 per share on the Josh investment. Dec. 15 3. Prepare Stamp Source's partial balance sheet at December 31, 2024, from your answers in Requirement 2. Received a cash dividend of $45,000 from Elk investment. Dec. 31 Received Elk's annual report showing $110,000 of net income. 4. Where is the unrealized holding gain or loss associated with the Josh stock reported? Dec. 31 Dec. 31 Dec. 31 Received Josh's annual report showing $900,000 of net income for the year. Elk's stock fair value at year-end was $693,500. Josh's common stock fair value at year-end was $10 per share. Print Done Dec. 15: Received a cash dividend of $45,000 from Elk investment. Date Accounts and Evnlanation F1 F2 N @ 72 #3 3 W E 80 F3 $ 64 4 a F4 F5 F6 % 2 50 66 F7 Dehit Credit & 29 * 7 8 00 R T Y U DII DD F8 F9 Print Done ( ) 9 O C F10 J F11 E + =