Chapter 10 question 3

Answer all the requirements please.

Creative Investments completed the following investment transactions during 2024 : 1. (Click the icon to view the transactions.) Requirements 1. Journalize the entries for 2024. Explanations are not required. 2. What account(s) and amount(s), if any, would be reported on Creative's income statement for the year ended December 31,2024 ? More info \begin{tabular}{|ll} \hline Jan. 14 & Purchased1,000sharesofPhyflexonstock,paying$53pershare.Theinvestmentrepresents2%ownershipinPhyflexonsvotingstock.CreativedoesnothavesignificantinfluenceoverPhyflexon.Creativeintendstoholdtheinvestmentfortheindefinitefuture. \\ Aug. 22 & Received a cash dividend of $0.26 per share on the Phyflexon stock. \\ Dec. 31 & Adjusted the Phyflexon investment to its current market value of $55. \\ \hline \end{tabular}