Strategic Investments completed the following investment transactions during 2018: i (Click the icon to view the transactions.) Read the requirements. Requirement 1. Joumalize 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 inntmant for the indafot fire Hedl uleLLICE. 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 Jan 14 Read the requirements. Aug 22: Received a cash dividend of $0.24 per share on the Phyflexon stock. Date Accounts Debit CITAT Aug. 22 Choose from any list or enter any number in the input fields and then continue to the next question. 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 Choose from any list or enter any number in the input fields and then continue to the next question 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 in the balance sheet, leave the box empty do not select a label or enter a zero.) Strategic Investments Balance Sheet (Partial) Chance from a list or enter any number in the input fields and then continue to the next question. Read une requireillers ecember 31, 2018 Current Assets Long-term Assets CZ Regu ve buuenens. Long-term Assets. Stockholders' Equity Accumulated Other Comprehensive Income: t finde Read ne requirements. 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 REDU UIC ICVUCICIS. Income Statement (Partial) For the Year Ended December 31, 2018 Other Income and (Expenses)