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The beginning balance sheet of Text Source Co Included an $360,000 investment in Ethan stock (35% ownership Teart has silicant w transactions (Click the icon

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The beginning balance sheet of Text Source Co Included an $360,000 investment in Ethan stock (35% ownership Teart has silicant w transactions (Click the icon to view the transactions) ance over Ethan During the year. Text Source completed the wings Read the requirements Requirement 1. Journalize the transactions for the year of Teat Source (Record debits first, then credits line of the Accounts and Explanation column and leave the remaining cells blank) More Info Requirements Mar May Dec 1. Journalce the transactions for the year of Text Source 2. Post transactions to T-accounts to determine the December 31, 2018 balances related to the investment and investment income accounts 3. Prepare Text 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 Limestock reported? J Purchased 8.000 shares at 57 per share of Lime Software common stock as a long term equity investment, representing 3% ownership no significant influence 15 Received a cash dividend of $0.42 per share on the Lime investment 15 Received a cash dividend of 550 000 from Ethan investment 31 Received than's annual report showing $100.000 of net income 31 Received Lime's annual report showing $700.000 of net income for the year 31 Ethan's stock fair value at year and was $835 000 31 Lime's common stock fair value at year-end was $10 per share Done ance sheet of Text Source Co Included an 5060,000 investment in Ethan stock ownership Text has significant in c e over Ethan During the year. Text Source completed the following met first, then Requirement 1. Journalize the transactions for the year of Text Source Record Ine of the Accound Explanation command leave the bank) More in Mar Puchared 8.000 esper share of Lime Swecon stock as a 2. P a ne 2016 De Red 31 Reca r o showing 100.000 31 Received a report showing 31 t o wear and was the year 3. Prepare T oca's pur c h December 31, 2018 bom you May 15 Pantone

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