The beginning balance sheet of Page Source Co. included an $860,000 investment in Ellen stock (40% 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 9,500 shares at 56 per share of Lime Software common stock as a long-term equity investment, representing 8% ownership, no significant influence Date Mar. 3 Accounts and Explanation Debit Credit May 15. Received a cash dividend of $0.01 per share on the Lime investment Date Accounts and Explanation Debit Credit May 15 Dec 15: Received a cash dividend of $60,000 from Ellen investment Date Dec 15 Accounts and Explanation Debit Credit completed the following investment transactions (Click the icon to view the transactions.) Read the requirements Dec. 15: Received a cash dividend of $60,000 from Ellen investment Date Dec 15 Accounts and Explanation Dec. 31: Received Ellen's annual report showing $100,000 of net income. Date Dec. 31 Accounts and Explanation Dec. 31: Received Lime's annual report showing $200,000 of net income for the year. Date Dec. 31 Accounts and Explanation Debit Credit Debit Credit Debit Credit The beginning balance sheet of Page Source Co. included an $860,000 investment in Ellen stock (40% ownership, Page has significant influence over completed the following investment transactions: (Click the icon to view the transactions.) Read the requirements. Dec. 31: Received Lime's annual report showing $200,000 of net income for the year. Date Dec. 31 Accounts and Explanation Debit Credit Dec. 31: Ellen's stock fair value at year-end was $840,000. Date Dec. 31 Accounts and Explanation Debit Credit Dec. 31: Lime's common stock fair value at year-end was $9 per share. Date Dec. 31 Accounts and Explanation Debit Credit Time Rems 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 $0 per share. Date Dec. 31 Accounts and Explanation Debit Credit Requirement 2. Post transactions to Taccounts to determine the December 31, 2004, balances related to the investment and investment income accounts (Select the messing investment account) Equity Investments-Elen Revenue from Investments Equity Investments Fair Value Adjustment-Equity Investments Dividend Revenue Time Remaining: 01:11:17 The beginning ba sheet of Page Source Co. Included in 3000,000 investment completed the following investment transactions (Click the icon to view the transactions.) Read the requirements Equity Investments Dividend Revenue Fair Value Adjustment-Equity Investments lence over Enten 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 balance sheet, leave the box empty, do not select a label or enter a zero) Page Source Co. Balance Sheet (Partial) December 31, 2024 Assets CA Long-term Asses 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 balance sheet, leave the box empty; do not select a label or enter a zero) Page Source, Co. Balance Sheet (Partial) December 31, 2024 Assets Current Assets Long-term Aasets Stockholders' Equity Accumulated Other Comprehensive Income Requirement 4. Where is the unrealized holding gain or loss associated with the Lime stock reported? The unread holding gain or loss associated with the Lill stock is included on the income statement in the Time Remaining: 01:10:53 Submit quiz