Strategic Investments completed the following investment transactions during 2018: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize Strategic's investment transactions. 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 800 shares of Phyflexon stock, paying $50 per share. The investment represents 4% ownership in Phyflexon's voting stock. Strategic does not have significant influence over Phyflexon. Strategic intends to hold the investment for the indefinite future. Date Accounts Debit Credit x i More Info Jan. 14 Aug. 22: Received a cash dividend of $0.24 per share on the Phyflexon stock. Jan. 14 Purchased 800 shares of Phyflexon stock, paying $50 per share. The investment represents 4% ownership in Phyflexon's voting stock. Strategic does not have significant influence over Phyflexon. Strategic intends to hold the investment for the indefinite future. Aug. 22 Received a cash dividend of $0.24 per share on the Phyflexon stock. Dec. 31 Adjusted the investment to its current market value of $45 per share. 31 Phyflexon reported net income of $330,000 for the year ended 2018. Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Aug. 22: Received a cash dividend of $0.24 per share on the Phyflexon stock. Date Accounts Debit Credit Aug. 22 Dec. 31: Adjusted the investment to its current market value of $45 per share. Date Accounts Debit Credit Dec. 31 Dec. 31: Phyflexon reported net income of $330,000 for the year ended 2018. Date Accounts Debit Credit Dec. 31 the balance Requirement 2. Classify and prepare a partial balance sheet for Strategic's Phyflexon investment as of December 31, 2018. (Use a minus sign or parentheses to enter a loss. If a box is not used sheet, leave the box empty; do not select a label or enter a zero.) Strategic Investments Balance Sheet (Partial) December 31, 2018 Current Assets: Long-term Assets: Stockholders' Equity Accumulated Other Comprehensive Income: Requirement 3. Prepare a partial income statement for Strategic Investments for year ended December 31, 2018. (Use a minus sign or parentheses to enter a loss.) Strategic Investments Income Statement (Partial) Car tha Vaar Endod Danamhar 24 2040 Requirement 3. Prepare a partial income statement for Strategic Investments for year ended December 31, 2018. (Use a minus sign or parentheses to enter a loss.) Strategic Investments Income Statement (Partial) For the Year Ended December 31, 2018 Other Income and (Expenses)