- X 1 Data Table Bond Investment Cost Current Market Value Violet $ Gold 3,000 $ 68,000 3,780 4,300 59,700 6,180 Raven $ 74,780 $ 70,180 Totals Print Done Requirement 1. Identify the appropriate accounting method for each of the following situations: Accounting Method a. Investment in 45% of the investee company's stock of which the investor has significant influence b. Available-for-sale debt investment C. Investment in more than 50% of the investee company's stock d. Bond investment that matures in nine years. The investor plans to hold the bond for the full nine years. Requirement 2. At what amount should the following trading investment portfolio be reported on the December 31, 2018, balance sheet? Journalize any adjusting entry required on December 31. (Click the icon to review the trading investment portfolio.) The total trading investment portfolio should be reported at $ on the December 31, 2018 balance sheet. Journalize any adjusting entry required on December 31. (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 Explanations column and leave the remaining cells blank.) Choose from any list or enter any number in the input fields and then continue to the next question. Requirement 3. An investor paid $68,100 on January 1, 2018, to acquire 35% of Gastro - Guy, Inc.'s outstanding common stock. The investor had significant control of Gastro - Guy, Inc. For the year endind December 31, 2018, Gastro - Guy's net income was $120,000, and on June 14, the company declared and paid cash dividends of $5,000 to all stockholders. Journalize the investor's transactions related to the Gastro-Guy investment: (a) purchase of the investment, (b) receipt of dividends, (c) investor's share of net income, and (d) sale of Gastro - Guy stock for $111,350 on January 3, 2019. (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 Explanations column and leave the remaining cells blank.) (a) Begin by journalizing the investor's purchase of the Gastro - Guy investment. An investor paid $68,100 on January 1, 2018, to acquire 35% of Gastro - Guy, Inc.'s outstanding common stock. Date Accounts and Explanations Debit Credit 2018 (a) Jan. 1 (b) Journalize the receipt of dividends. On June 14, Gastro-Guy declared and paid cash dividends of $5,000 to all stockholders. Date Accounts and Explanations Debit | Credit