The beginning balance sheet of Party Source Co. included a $750,000 investment in Est stock ( 35% ownership, Party has significant influence over Est). During the year, Party 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 Party 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 8,000 shares at $12 per share of Rast Software common stock as a long-term equity investment, representing 4% ownership, ho significant influence. Requirement 1. Journalize the transactions for the year of Party 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 8,000 shares at $12 per share of Rast Software common stock as a long-term equity investment, representing 4% ownership, no significant influence. May 15: Received a cash dividend of $0.52 per share on the Rast investment. Dec. 15: Received a cash dividend of $45,000 from Est investment. Dar 21. Daraiuad Fet'c annual rannt chnuminn $1 ff not incomp Dec. 31: Received Rast's annual report showing $800,000 of net income for the year. Dec 31: Est's stock fair value at vear-end was $740.000. Dec. 31: Rast's common stock fair value at year-end was $13 per share. 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 Dividend Revenue Fair Value Adjustment-Equity Investments Requirement 3. Prepare Party 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.) Current Assets: Long-term Assets: Stockholders' Equity Accumulated Other Comprehensive Income: Stockholders' Equity Accumulated Other Comprehensive Income: Requirement 4. Where is the unrealized holding gain or loss associated with the Rast stock reported? The unrealized holdina aain or loss associated with the Lili stock is included on the income statement in th Mar. 3 Purchased 8,000 shares at $12 per share of Rast Software common stock as a long-term equity investment, representing 4% ownership, no significant influence. May 15 Received a cash dividend of $0.52 per share on the Rast investment. Dec. 15 Received a cash dividend of $45.000 from Est investment. Dec.31 Received Est's annual report showing $100,000 of net income. Dec.31 Received Rasts annual report showing $800,000 of net income for the year. Dec.31 Est's stock fair value at year-end was $740.000 Dec, 31 Rast's common stock fair value at year-end was $13 per share. 1. Journalize the transactions for the year of Party Source. 2. Post transactions to T-accounts to determine the December 31, 2024, balances related to the investment and investment income accounts. 3. Prepare Party 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 Rast stock reported