The beginning balance sheet of Journy Source Co. included a $600,000 investment in Ethan Stock (25% ownership, Jounry has significant influence over Ethan). During the year, Journy Source completed thr following investment transactions :

More Info - Mar. 3 May 15 Dec. 15 Purchased 9,500 shares at $8 per share of Jack Software common stock as a long-term equity investment, representing 7% ownership, no significant influence. Received a cash dividend of $0.94 per share on the Jack investment. Received a cash dividend of $40,000 from Ethan investment. Received Ethan's annual report showing $100,000 of net income. Received Jack's annual report showing $800,000 of net income for the year. Ethan's stock fair value at year-end was $585,000. Jack's common stock fair value at year-end was $11 per share. Dec. 31 Dec. 31 Dec. 31 Dec. 31 Print Done MJM LOUID. hon i Requirements 1. Journalize the transactions for the year of Journey Source. 2. Post transactions to T-accounts to determine the December 31, 2018, balances related to the investment and investment income accounts. 3. Prepare Journey Source's partial balance sheet at December 31, 2018, from your answers in Requirement 2. 4. Where is the unrealized holding gain or loss associated with the Jack stock reported? Print Done