The beginning balance sheet of Water Source Co. Included a $650,000 investment in Eaten stock (20% ownership, Water has significant influence over Eaton). During the year, Water 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 Water Source (Record debits first, then credits. Select the explanation on the last line of the journal entry table. 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 7,000 shares at $13 per share of Lime Software common stock as a long term equity Investment, representing 8% ownership, no significant influence Date Accounts and Explanation Debit Credit Mar. 3 May 15: Received a cash dividend of $0.56 per share on the Lime investment Date Accounts and Explanation Debit Credit May 15 Choose from any list or enter any number in the input fields and then continue to the next question 1. Journalize the transactions for the year of Water Source. 2. Post transactions to T-accounts to determine the December 31, 2018, balances related to the investment and investment income accounts. 3. Prepare Water Source's partial balance sheet at December 31, 2018, from your answers in Requirement 2. Where is the unrealized holding gain or loss associated with the Lime stock reported? Mar. May Dec. 3 Purchased 7,000 shares at $13 per share of Lime Software common stock as a long-term equity investment, representing 8% ownership, no significant influence. 15 Received a cash dividend of $0.56 per share on the Lime investment. 15 Received a cash dividend of $60,000 from Eaten investment. 31 Received Eaten's annual report showing $100,000 of net income. Received Lime's annual report showing $800,000 of net income for the year. Eaten's stock fair value at year-end was $610,000. 31 Lime's common stock fair value at year-end was $14 per share. 31 31