The beginning balance sheet of Stamp Source Co. Included an $860,000 investment in Entro stock (40% ownership. Stamp has significant influence over Entro) During the year, Stamp 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 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 9,500 shares at S13 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 123500 Equity Investments Cash 122500 Purchased investment in stock May 15. Received a cash dividend of 50.71 per share on the John investment Date Accounts and Explanation Credit May 15 Cash Dividend Revenue More Info Mar. 3 May Dec. 15 15 31 31 31 31 Purchased 9,500 shares at $13 per share of John Software common stock as a long-term equity investment, representing 3% ownership, no significant influence. Received a cash dividend of $0.71 per share on the John investment Received a cash dividend of $90,000 from Entro investment Received Entro's annual report showing $120,000 of net income. Received John's annual report showing $300,000 of net income for the year. Entro's stock fair value at year-end was $818,000. John's common stock fair value at year-end was $14 per share. Print Done Requirements 1. Journalize 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? Print Done