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The beginning balance sheet of Water Source Co. included a $900,000 investment in Entro stock (30% ownership, Water has significant influence over Entro). During the year, Water Source completed the following investment transactions: i (Click the icon to view the transactions.) Read the requirements. 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 investment account.) Equity Investments-Entro Revenue from Investments - X Beg. 900,000 13,500 Dec. 15 Dec. 31 30,000 30,000 Dec. 31 Requirements Dec. 31 30,00 916,500 Dec. 31 Bal 930,000 930,000 Bal Bal 30,000 30,000 Bal 1. Journalize the transactions for the year of Water Source. 2. Post transactions to T-accounts to determine the December 31, 2024, Equity Investments Dividend Revenue balances related to the investment and investment income accounts. Dec. 31 6, 160 6, 160 May 15 Dec. 31 6, 160 6,160 May 15 3. Prepare Water 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 Rast stock Bal 6,160 6, 160 Bal. Bal 6, 160 6, 160 Bal. reported? Fair Value Adjustment-Equity Investments Print Done Requirement 3. Prepare Water Source's partial balance sheet at December 31, 2024, from your answers in Requirement 2. (If a box is not used in the partial balance sheet, leave the box empty; do not select a label or enter a zero.) Water Source, Co. Balance Sheet (Partial) - X More info December 31, 2024 Assets Current Assets: Mar. 3 Purchased 7,000 shares at $9 per share of Rast Software common stock as a long-term equity investment, representing 8% ownership, no significant influence. May 15 Received a cash dividend of $0.88 per share on the Rast investment. Dec. 15 Received a cash dividend of $45,000 from Entro investment. Long-term Assets: Dec. 31 Received Entro's annual report showing $100,000 of net income. Dec. 31 Received Rast's annual report showing $600,000 of net income for the year. Dec. 31 Entro's stock fair value at year-end was $885,000. Stockholders' Equity Dec. 31 Rast's common stock fair value at year-end was $14 per share. Accumulated Other Comprehensive Income: Print DoneThe beginning balance sheet of Water Source Co. included a $900,000 investment in Entro stock (30% ownership, Water has significant influence over Entro). During the year, Water Source completed the following investment transactions: i (Click the icon to view the transactions.) Read the requirements. Beg. 900,000 13,500 Dec. 15 Dec. 31 30,000 30,000 Dec. 31 Dec. 31 30,000 916,500 Dec. 31 |Bal 930,000 930,000 Bal Bal. 30,000 30,000 Bal. Equity Investments Dividend Revenue Dec. 31 5, 160 6, 160 May 15 Dec. 31 6, 160 6, 160 May 15 Bal. 6, 160 6, 160 Bal. Bal. 6,160 6, 160 Bal. Fair Value Adjustment-Equity Investments Requirement 3. Prepare Water Source's partial balance sheet at December 31, 2024, from your answers in Requirement 2. (If a box is not used in the partial balance sheet, leave the box empty; do not select a label or enter a zero.) Water Source, Co. Balance Sheet (Partial) December 31, 2024 Assets Current Assets: Long-term Assets: accumulated other comprehensive income section on the balance sheet. Stockholders' Equity balance sheet as a contra account to the trading debt investment account. Accumulated Other Comprehensive Income: revenues section of the income statement. other income and (expenses) section on the income statement. Requirement 4. Where is the unrealized holding gain or loss associated with the Rast stock reported? The unrealized holding gain or loss associated with the Lili stock is included on the income statement in the