On April 1, 2018, Ash Company invests $18,000 in Firs, Inc. stock. Firs pays Ash a $350 dividend on August 1, 2018. Ash sells the Firs's stock on August 31, 2018, for $18,300. Assume the investment is categorized as a short-term equity investment and Ash Company does not have significant influence over Firs, Inc. Read the requirements. Requirement 1. Journalize the transactions for Ash's investment in Firs' stock. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by journalizing Ash's initial investment in Firs, Inc., stock. Date Accounts and Explanation Debit Credit Apr. 1 Date Accounts and Explanation Debit Credit Aug. 1 Now journalize Ash's sale of the Firs, Inc., stock on August 31. Date Accounts and Explanation Debit Credit Aug. 31 Requirement 2. What was the net effect of the investment on Ash's net income for the year ended December 31, 2018? Ash's net income for the year has by $ D