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Trader Investments completed the following investment transactions during 2018: (Click the icon to view the transactions.) Requirements 1. Journalize the entries for 2018. Explorations are

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Trader Investments completed the following investment transactions during 2018: (Click the icon to view the transactions.) Requirements 1. Journalize the entries for 2018. Explorations are not required 2. What account(s) and amount(s), if any, would be reported on Trader's income statement for the year ended December 31, 2018? Requirement 1. Joumalize the entries for 2018. Explanations are not required. (Record debits first, then credits. Exclude explanations from joumal entries. If no on is required, select "No entry required on the first line of the Accounts column and leave the remaining cells blank.) Jan. 14: Purchased 600 shares of Phyflexon stock, paying $54 per share. The investment represents 4% ownership in Phyflexon's voting stock. Trader does not ha significant influence over Phyflexon Trader intends to hold the investment for the indefinite future. * More Info Purchased 600 shares of Phyflexon stock, paying $54 per share. The investment represents 4% ownership in Phyflexon's voting stock. Trader does not have significant influence over Phyflexon, Trader intends to hold the investment for the Jan. 14 indefinite future Aug. 22 Received a cash dividend of $0.37 per share on the Phyflexon stock Dec.31 Adjusted the Phyflexon investment to its current market value of $56. el Print Done 19

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