Green Back Investments completed the following transactions during 2016: Jan. 14 Purchased 1,200 shares of Sysky stock,

Question:

Green Back Investments completed the following transactions during 2016:
Jan. 14 Purchased 1,200 shares of Sysky stock, paying $46 per share. The investment represents 25% ownership in Sysky's voting stock. Green Back intends to hold the investment for the indefinite future.
Aug. 22 Received a cash of $0.34 per share on the 5ysky stock.
Dec. 31 Sysky's current market value is $44 per share.
31 Sysky reported net income of $330,000 for the year ended 2016.
Requirements
1. Journalize Green Back’s transactions. Explanations are not required.
2. Classify and prepare partial for Green Back’s 25% Sysky investment for the year ended December 31, 2016. Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...