The beginning balance sheet of Stamp Source Co. included a $900,000 investment in Eaten stock (35% ownership. Stamp has significant influence over Eaten). During the year, Stamp Source completed the following investment transactions: (Click the icon to view the transactions.) Read the requirements Requirement 1. Joumalize the transactions for the year of Stamp 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 5,000 shares at $10 per share of John Software common stock as a long-term equity investment, representing 3% ownership, no significant influence. Date Accounts and Explanation Debit Credit Mar. 3 Equity Investments 50,000 A Requirements Cash 50.000 Purchased investment in stock 1. Joumalize the transactions for the year of Stamp Source. 2. Post transactions to T-accounts to determine the December 31, 2018, balances related to the investment and investment income accounts. 3. Prepare Stamp 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 John stock reported? May 15: Received a cash dividend of S0.83 per share on the John investment Date Accounts and Explanation Debit Credit May 15 i More Info Mar. 3 May 15 Dec. 15 Dec. 31 Dec. 31 Purchased 5,000 shares at $10 per share of John Software common stock as a long-term equity Investment, representing 3% ownership, no significant influence. Received a cash dividend of $0.83 per share on the John investment. Received a cash dividend of $55,000 from Eaten investment Received Eaten's annual report showing $120,000 of net income Received John's annual report showing $800,000 of net income for the year. Ealen's stock fair value at year-end was 887,000 John's common stock fair value at year-end was $13 per share. Choose from any list or enter any number in the input fields and then click Check Answer. Dec. 31 Dec. 31