11/7/21, 3:10 PMAppendix E,F - Investment Chapters Homework (Grade-Khoa Nguyenhttps://xlitemprod.pearsoncmg.com/api/v1/print/highered1/121.Student: Khoa Nguyen Date: 11/07/21Instructor: Alexander Sueiro Course: ACG2021 - Fall 2021 - SueiroAssignment: Appendix E,F - InvestmentChapters Homework (Grade Company completed these long-term equity investment transactions during :Ship Your Way 2018 (Click the icon to view the transactions.)1Read the requirements .21. Journalize Company's investment transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.)Ship Your WayApr 10: Purchased shares of stock (less than % of 's outstanding stock), paying $ per share. Company intends to hold the investment indefinitely.500 Microscape 5 Microscape 16Ship Your WayJournal EntryDateAccountsDebitCreditApr10Investment in Equity Securities8,000 Cash 8,000 Jul 22: Received a cash dividend of $ per share on the stock.1.23 MicroscapeJournal EntryDateAccountsDebitCreditJul22Cash615 Dividend Revenue 615 Dec 31: Adjusted the investment to its current market value of .Microscape $5,200 DateAccountsDebitCreditDec31Unrealized Loss on Equity Securities2,800 Investment in Equity Securities 2,800 2. Assume the stock is Company's only investment. Explain how these transactions will be reflected on Company's income statement for the year ended December 31, .Microscape Ship Your WayShip Your Way 2018 The income statement will reportdividend revenueof $615andunrealized lossof $2,800.3. Show how to report the investment on Company's balance sheet at December 31, . Ignore income taxes. (Use a parentheses or a minus sign when entering losses.)Ship Your Way 201811/7/21, 3:10 PMAppendix E,F - Investment Chapters Homework (Grade-Khoa Nguyenhttps://xlitemprod.pearsoncmg.com/api/v1/print/highered2/121: Data Table2: RequirementsShip Your Way Inc.Balance Sheet (Partial)December 31, 2018AssetsLong-term assets Investment in Equity Securities5,2002018 Apr10Purchased 500 shares of Microscape stock (less than 5% of Microscape's outstandingstock), paying $16 per share. Ship Your Way Company intends to hold the investment indefinitely.Jul22Received a cash dividend of $1.23 per share on the Microscape stock.Dec31Adjusted the Microscape investment to its current market value of $5,200.1. Journalize Company's investment transactions. Explanations are not required.Ship Your Way2. Assume the stock is Company's only investment. Explain how these transactions will be reflected on Company's income statement for the year ended December 31, .Microscape Ship Your WayShip Your Way 20183. Show how to report the investment on Company's balance sheet at December 31, . Ignore income taxes.Ship Your Way 201811/7/21, 3:10 PMAppendix E,F - Investment Chapters Homework (Grade-Khoa Nguyenhttps://xlitemprod.pearsoncmg.com/api/v1/print/highered3/122.3: Data Table4: Reference5: Requirements Company completed these long-term equity investment transactions and recorded the following journal entries during :Delivery King2018 (Click the icon to view the transactions.) (Click the icon to view the journal entries.)3 4On May 21, , Company sold its investment in stock for per share.2019 Delivery King Neutron $25Read the requirements .51. Journalize the sale. No explanation is required. (Record debits first, then credits. Exclude explanations from any journal entries.)Journal EntryDateAccountsDebitCreditMay21Cash7,500 Investment in Equity Securities 5,400Gain on Sale of Equity Securities 2,100 2. How does the gain or loss that you recorded here differ from the gain or loss that was recorded at December 31, ?2018This gain on sale of investment is a(n) . The loss recorded at December 31, , was because it resulted from a change in the investment's market value and not from the sale of the investment.realized gain 2018 unrealized2018Apr10Purchased 300 shares of Neutron stock (less than 10% of Technomite’soutstanding stock), paying $22 per share. Delivery King Company intendsto hold the investment indefinitely.Jul22Received a cash dividend of $1.26 per share on the Neutron stock.Dec31Adjusted the Neutron investment to its current market value of $5,400.Journal EntryDateAccountsDebitCreditApr10Investment in Equity Securities6,600 Cash 6,600Journal EntryDateAccountsDebitCreditJul22Cash378 Dividend Revenue 378Journal EntryDateAccountsDebitCreditDec31Unrealized Loss on Equity Securities1,200 Investment in Equity Securities 1,20011/7/21, 3:10 PMAppendix E,F - Investment Chapters Homework (Grade-Khoa Nguyenhttps://xlitemprod.pearsoncmg.com/api/v1/print/highered4/123.4.5.1. Journalize the sale. No explanation is required.2. How does the gain or loss that you recorded differ from the gain or loss that was recorded at December 31, ?20186: ReferenceOn 1, , Motors paid million for a % investment in Motors. earned net income of million and paid cash dividends of million during . January 2018 Top $460 40 Yuza Yuza $70$20 2018 (Click the icon to view the Equity Method Investment T-account.)6On 1, , Motors sold half of its investment in Motors. The sale price was million. Calculate Motors' gain or loss on the sale. (Use parentheses or a minus sign when showing a loss.)January 2019 Top Yuza $155 TopSale proceeds-Carrying amount of investment=Gain (loss) on sale of investment155$million-240$million=(85)$millionEquity Method InvestmentPurchase460 Net Income 28 Dividends received 8Balance 480 Corp. purchased % bonds of Corporation when the market rate of interest was %. Interest is paid semiannually, and the bonds will mature in years. Haddock fifteen $1,000 3 Circuit 14sevenUsing the PV function in , compute the price paid (the present value) for the bond investment. (Assume that all payments of interest and principal occur at the end of the period. Round your answer to the nearest cent.)Excel®HaddockHaddock paid7,784.99$on the bond investment. Leasing leased a car to a customer. will receive $ a month, at the end of each month, for months. Use the PV function in to calculate the answers to the following questions Wesson Wesson 400 48Excel®1. What is the present value of the lease if the annual interest rate in the lease is %? 92. What is the present value of the lease if the car can likely be sold for $ at the end of years?5,000 four1.