The beginning balance sheet of Journey Source Co. included a $650,000 investment in Ester stock (25% ownership, Journey has significant influence over Ester). During the year, Journey 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 Journey 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 a blank.) Mar. 3: Purchased 9,500 shares at $11 per share of Rim Software common stock as a long-term equity investment, representing 6% ownership, no significant influence. Date Accounts and Explanation Debit Credit Mar. 3 Equity Investments 104,500 Cash 104,500 More Info Purchased investment in stock. Mar. 3 May 15: Received cash dividend of $0.45 per share on the Rim investment. May 15 Dec. 15 Date Accounts and Explanation Debit Credit Purchased 9,500 shares at $11 per share of Rim Software common stock as a long-term equity investment, representing 6% ownership, no significant influence. Received a cash dividend of $0.45 per share on the Rim investment. Received a cash dividend of $50,000 from Ester investment. Received Ester's annual report showing $100,000 of net income. Received Rim's annual report showing $600,000 of net income for the year. Ester's stock fair value at year-end was $625,000. Rim's common stock fair value at year-end was $13 per share Dec. 31 May 15 Cash 4,275 Dec. 31 Dividend Revenue 4,275 Dec. 31 Dec. 31 Received cash dividend. Print Done Done Dec. 15: Received a cash dividend of $50,000 from Ester investment. Date Accounts and Explanation Debit Credit Dec. 15 Cash 50,000 Equity Investments-Ester 50,000 Received cash dividend (equity method). Choose from any list or enter any number in the input fields and then click Check Answer. Debit Credit Dec. 31: Received Ester's annual report showing $100,000 of net income. Date Accounts and Explanation Dec. 31 Equity InvestmentsEster Revenue from Investments 25,000 25,000 Recorded revenue earned from investment (equity method). Dec. 31: Received Rim's annual report showing $600,000 of net income for the year. Date Accounts and Explanation Debit Credit Dec. 31 No entry required Dec. 31: Ester's stock fair value at year-end was $625,000. Date Accounts and Explanation Dec. 31 No entry required Debit Credit The beginning balance sheet of Journey Source Co. included a $650,000 investment in Ester stock (25% ownership, Journey has significant influence over Ester). During the year, Journey Source completed the following investment transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 2. Post transactions to T-accounts to determine the December 31, 2018, balances related to the investment and investment income accounts. (Select the missing investment account.) Equity Investments-Ester 650,000 50,000 Dec. 15 Revenue from Investments 25,000 Dec. 31 Beg. Dec. 31 25,000 Bal. 625,000 25,000 Bal. Equity Investments Dividend Revenue 4,275 May 15 Mar. 3 104,500 Bal. 104,500 4,275 Bal. Unrealized Holding Gain-Equity Investments Fair Value Adjustment-Equity Investments Dec. 31 19,000 19,000 Dec. 31 19,000 Bal. Bal. 19,000 Requirement 3. Prepare Journey Source's partial balance sheet at December 31, 2018, from your a Journey Source, Co. Balance Sheet (Partial) December 31, 2018 Assets Current Assets: Long-term Assets: Stockholders' Equity Accumulated Other Comprehensive Income: Dividend Revenue 4,2 4,2 Jnrealized Holding Gain-Equity 19, Available-for-Sale Debt Investments (at cost) Available-for-Sale Debt Investments (at fair value) Dividend Revenue Equity Investments (at cost) Equity Investments (at fair value) Equity Investments (equity method) Equity Investments-Ester (at cost) Equity Investments-Ester (at fair value) Equity Investments-Ester (equity method) Held-to-Maturity Debt Investments (at cost) Held-to-Maturity Debt Investments (at fair value) Revenue from Investments Trading Debt Investments (at cost) Trading Debt Investments (at fair value) Unrealized Holding Gain (Loss)Available for Sale Unrealized Holding Gain (Loss)Held-to-Maturity Unrealized Holding Gain (Loss)Equity Investments Unrealized Holding Gain (Loss) Trading 19, at December 31, 2018, from your a Long-term Assets: Stockholders' Equity Accumulated Other Comprehensive Income