The beginning balance sheet of Desk Source Co. included an $800,000 investment in Est stock (25% ownership, Desk has significant influence over Est). During the year, Desk Source completed the following investment transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize the transactions for the year of Desk Source. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Mar. 3: Purchased 5,000 shares at $13 per share of John Software common stock as a long-term equity investment, representing 3% ownership, no significant influence. Date Accounts and Explanation Debit Credit Mar. 3 Requirements May 15: Received a cash dividend of $0.86 per share on the John investment 1. Journalize the transactions for the year of Desk Source. 2. Post transactions to T-accounts to determine the December 31, 2024, balances related to the investment and investment income accounts. 3. Prepare Desk Source's partial balance sheet at December 31, 2024, from your answers in Requirement 2. 4. Where is the unrealized holding gain or loss associated with the John stock reported? Date Accounts and Explanation Debit Credit May 15 Print Done Dec. 15: Received a cash dividend of $35,000 from Est investment. Choose from any list or enter any number in the input fields and then continue to the next question. The beginning balance sheet of Desk Source Co. included an $800,000 investment in Est stock (25% ownership, Desk has significant influence over Est). During the year, Desk Source completed the following investment transactions: (Click the icon to view the transactions.) Read the requirements. Dec. 15: Received a cash dividend of $35,000 from Est investment. Date Accounts and Explanation Debit Credit Dec. 15 Dec. 31: Received Est's annual report showing $120,000 of net income. Date Accounts and Explanation Debit Credit Dec. 31 Dec. 31: Received John's annual report showing $500,000 of net income for the year. Date Accounts and Explanation Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. ? The beginning balance sheet of Desk Source Co. included an $800,000 investment in Est stock (25% ownership, Desk has significant influence over Est). During the year, Desk Source completed the following investment transactions: (Click the icon to view the transactions.) Read the requirements. TIL Dec. 31: Received John's annual report showing $500,000 of net income for the year. Date Accounts and Explanation Debit Credit Dec. 31 Dec. 31: Est's stock fair value at year-end was $795,000. Date Accounts and Explanation Debit Credit Dec. 31 Dec. 31: John's common stock fair value at year-end was $14 per share. Date Accounts and Explanation Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. ? The beginning balance sheet of Desk Source Co. included an $800,000 investment in Est stock (25% ownership, Desk has significant influence over Est). During the year, Desk Source completed the following investment transactions: (Click the icon to view the transactions.) Read the requirements. Dec. 31: John's common stock fair value at year-end was $14 per share. Date Accounts and Explanation Debit Credit Dec. 31 Requirement 2. Post transactions to T-accounts to determine the December 31, 2024, balances related to the investment and investment income accounts. (Select the missing investment account.) Equity Investments-Est Revenue from Investments Equity Investments Dividend Revenue Choose from any list or enter any number in the input fields and then continue to the next question. ? The beginning balance sheet of Desk Source Co. included an $800,000 investment in Est stock (25% ownership, Desk has significant influence over Est). During the year, Desk Source completed the following investment transactions: A (Click the icon to view the transactions.) Read the requirements Requirement 2. Post transactions to T-accounts to determine the December 31, 2024, balances related to the investment and investment income accounts. (Select the missing investment account.) Equity Investments-Est Revenue from Investments Equity Investments Dividend Revenue Fair Value Adjustment-Equity Investments Requirement 3. Prepare Desk Source's partial balance sheet at December 31, 2024, from your answers in Requirement 2. (If a box is not used in the partial balance sheet, leave the box empty; do not select a label or enter a zero.) Desk Source, Co. Dolena OLARINI Choose from any list or enter any number in the input fields and then continue to the next question. ? The beginning balance sheet of Desk Source Co. included an $800,000 investment in Est stock (25% ownership, Desk has significant influence over Est). During the year, Desk Source completed the following investment transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 3. Prepare Desk Source's partial balance sheet at December 31, 2024, from your answers in Requirement 2. (If a box is not used in the partial balance sheet, leave the box empty; do not select a label or enter a zero.) Desk Source, Co. Balance Sheet (Partial) December 31, 2024 Assets Current Assets: Long-term Assets: Stockholders' Equity Accumulated Other Comprehensive Income: Requirement 4. Where is the unrealized holding gain or loss associated with the John stock reported? The unrealized holding gain or loss associated with the Lili stock is included on the income statement in the Choose from any list or enter any number in the input fields and then continue to the next