The beginning balance sheet of Text Source Co, included a $700 , 000 investment in Ester stock (40\% ownership, Text has significant influence over Ester). During the year, Text Source completed the following investment transactions: (Click the icon to view the transacions) Read the requirements. 1. Journalize the transactions for the year of Text Source. 2. Post transactions to T -accounts to determine the December 31,2024 , balances related to the investment and investment income accounts. 3. Prepare Text Source's partial balance sheet at December 31, 2024, from your answers in Requirement 2. 4. Where is the unrealized holding gain or loss associated with the John stock reported? The beginning balance sheet of Text Source Co . included an \$800,000 irwestment in Ethan stock (3S\% ownership, Text has significant influence over Ethan). During the year, Text Source completed the following investment transactions: (. (Cick the icon to view the transactions.) Read the requirements. Requirements 1. Journalize the transactions for the year of Text Source. 2. Post transactions to Taccounts to determine the December 31, 2024, balances related to the investment and investment income accounts. Select the explanation on the last line of the -xplanation column and leave the remaining cells 3. Prepare Text Source's partial balance sheet at December 31, 2024, from your answers in Requirement 2. 4. Where is the unrealized holding gain of loss associated with the John stock. reported? Requirement 1. Journalize the transactionis for the year of Text Source. (Record debits first, then credits. Select the explanation on the last ine of the foumal entry table. It 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 $9 per share of John Sottware common stock as a long-term equily investment, representing 8% ownership, no significant influence. May 15: Received a cash dividend of $0.68 per share on the John investment. Dec. 15: Recelved a cash dividend of $90 , 000 from Ethan investment. Dec. 31: Received Ethan's annual report showing $100 , 000 of net income. Dec. 31: Received John's annual report showing $200 , 000 of net income for the year. Dec. 31: Ethan's stock fair value at year-end was $745 , 000 . Dec. 31: John's common stock tair value at year-end was $10 per share. Requirement 2. Post transactions to T-accounts to determine the December 31,2024 , balances related to the investment and investment income accounts. (Select the missing imen lohn stock reported? The untealued hoiding gain ar toss associated with the Lill stock is included on the income statement in the .

1. The beginning balance sheet of Text Source Co, included a $700 , 000 investment in Ester stock
(40% ownership, Text has significant influence over Ester). During the year, Text Source
completed the following investment transactions: (Click the icon to view the transacions) Read
the requirements. 1. Journalize the transactions for the year of Text Source. 2. Post transactions
to T -accounts to determine the December 31,2024 , balances related to the investment and
investment income accounts. 3. Prepare Text Source's partial balance sheet at December 31,
2024, from your answers in Requirement 2. 4. Where is the unrealized holding gain or loss
associated with the John stock reported? The beginning balance sheet of Text Source Co .
included an $800,000 irwestment in Ethan stock (3S% ownership, Text has significant
influence over Ethan). During the year, Text Source completed the following investment
transactions: (. (Cick the icon to view the transactions.) Read the requirements. Requirements 1.
Journalize the transactions for the year of Text Source. 2. Post transactions to Taccounts to
determine the December 31, 2024, balances related to the investment and investment income
accounts. Select the explanation on the last line of the -xplanation column and leave the
remaining cells 3. Prepare Text Source's partial balance sheet at December 31, 2024, from your
answers in Requirement 2. 4. Where is the unrealized holding gain of loss associated with the
John stock. reported? Requirement 1. Journalize the transactionis for the year of Text Source.
(Record debits first, then credits. Select the explanation on the last ine of the foumal entry table.
It 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 $9
per share of John Sottware common stock as a long-term equily investment, representing 8%
ownership, no significant influence. May 15: Received a cash dividend of $0.68 per share on the
John investment. Dec. 15: Recelved a cash dividend of $90 , 000 from Ethan investment. Dec.
31: Received Ethan's annual report showing $100 , 000 of net income. Dec. 31: Received John's
annual report showing $200 , 000 of net income for the year. Dec. 31: Ethan's stock fair value at
year-end was $745 , 000 . Dec. 31: John's common stock tair value at year-end was $10 per
share. Requirement 2. Post transactions to T-accounts to determine the December 31,2024 ,
balances related to the investment and investment income accounts. (Select the missing imen
lohn stock reported? The untealued hoiding gain ar toss associated with the Lill stock is included
on the income statement in the