The beginning balance sheet of Page Source Co. included a $900,000 investment in Ellen stock (30% ownership, Page has significant influence over Ellen). During the year, Page 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 Page 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 9,000 shares at $10 per share of Lime Software common stock as a long-term equity investment, representing 5% ownership, no significant influence. Date Mar. 3 Accounts and Explanation May 15: Received a cash dividend of $0.63 per share on the Lime investment. Date May 15 Accounts and Explanation Dec. 15: Received a cash dividend of $50,000 from Ellen investment. Date Dec. 15 Accounts and Explanation Debit Credit More info Mar. 3 May 15 Purchased 9,000 shares at $10 per share of Lime Software common stock as a long-term equity investment, representing 5% ownership, no significant influence. Received a cash dividend of $0.63 per share on the Lime investment. Dec. 15 Received a cash dividend of $50,000 from Ellen investment. Debit Credit Dec. 31 Received Ellen's annual report showing $110,000 of net income. Dec. 31 Dec. 31 Received Lime's annual report showing $300,000 of net income for the year. Ellen's stock fair value at year-end was $883,000. Dec. 31 Lime's common stock fair value at year-end was $11 per share. Debit Credit Print Done - X The beginning balance sheet of Page Source Co. included a $900,000 investment in Ellen stock (30% ownership, Page has significant influence over Ellen). During the year, Page Source completed the following investment transactions: (Click the icon to view the transactions.) Read the requirements. Dec. 31: Received Ellen's annual report showing $110,000 of net income. Date Dec. 31 Accounts and Explanation Dec. 31: Received Lime's annual report showing $300,000 of net income for the year. Date Dec. 31 Accounts and Explanation Dec. 31: Ellen's stock fair value at year-end was $883,000. Date Dec. 31 Debit Credit More info Mar. 3 Debit Credit May 15 Dec. 15 Purchased 9,000 shares at $10 per share of Lime Software common stock as a long-term equity investment, representing 5% ownership, no significant influence. Received a cash dividend of $0.63 per share on the Lime investment. Received a cash dividend of $50,000 from Ellen investment. Dec. 31 Received Ellen's annual report showing $110,000 of net income. Dec. 31 Dec. 31 Received Lime's annual report showing $300,000 of net income for the year. Ellen's stock fair value at year-end was $883,000. Dec. 31 Lime's common stock fair value at year-end was $11 per share. Accounts and Explanation Debit Credit Print Done The beginning balance sheet of Page Source Co. included a $900,000 investment in Ellen stock (30% ownership, Page has significant influence over Ellen). During the year, Page Source completed the following investment transactions: (Click the icon to view the transactions.) Read the requirements. Dec. 31: Lime's common stock fair value at year-end was $11 per share. Date Dec. 31 Accounts and Explanation Debit Credit More info Mar. 3 Requirement 2. Post transactions to T-accounts to determine the December 31, 2024, balances related to the investment and investment in Equity Investments-Ellen Revenue from Investments May 15 Dec. 15 Purchased 9,000 shares at $10 per share of Lime Software common stock as a long-term equity investment, representing 5% ownership, no significant influence. Received a cash dividend of $0.63 per share on the Lime investment. Received a cash dividend of $50,000 from Ellen investment. Dec. 31 Received Ellen's annual report showing $110,000 of net income. Dec. 31 Dec. 31 Received Lime's annual report showing $300,000 of net income for the year. Ellen's stock fair value at year-end was $883,000. Dec. 31 Lime's common stock fair value at year-end was $11 per share. Equity Investments Fair Value Adjustment-Equity Investments Dividend Revenue Print Done Requirement 3. Prepare Page Source's partial balance sheet at December 31, 2024, from your answers in Requirement 2. (If a box is not used in the partial ba Page Source, Co. More info Current Assets: Long-term Assets: Balance Sheet (Partial) December 31, 2024 Assets Stockholders' Equity Accumulated Other Comprehensive Income: Requirement 4. Where is the unrealized holding gain or loss associated with the Lime stock reported? The unrealized holding gain or loss associated with the Lili stock is included on the income statement in the Mar. 3 May 15 Dec. 15 Purchased 9,000 shares at $10 per share of Lime Software common stock as a long-term equity investment, representing 5% ownership, no significant influence. Received a cash dividend of $0.63 per share on the Lime investment. Received a cash dividend of $50,000 from Ellen investment. Dec. 31 Received Ellen's annual report showing $110,000 of net income. Dec. 31 Dec. 31 Received Lime's annual report showing $300,000 of net income for the year. Ellen's stock fair value at year-end was $883,000. Dec. 31 Lime's common stock fair value at year-end was $11 per share. Print Done