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Hornesby Corporation reported the following amounts on its balance sheet at the start of the year: Assume that Hornesby Corporation completed the following investment transactions during 2023: (Click the icon to view list of transactions.) Requirement 1. Record the transactions in the general journal of Hornesby Corporation. March 2. Purchased 2,000 common shares as a short-term investment, paying $41.50 per share plus brokerage commission of $1,050. credits. Exclude explanations from journal entries.) Required 1. Record the transactions in the general journal of Hornesby Corporation. 2 Post entries to the Equity Investments T-account and determine its balance at December 31, 2023. 3. Assume the beginning balance of Short-Term Investments was cost of $107,000. Post entries to the Short-Term Investments T-account and determine its balance at December 31, 2023. 4. Assuming the market value of the short-term investment portfolio is $575,000 at December 31,2023, show how Hornesby Corporation would report short-term investments and investments in associated companies on the ending balance sheet. (No journal entry is required.) Requirement 1. Record the transactions in the general journal of Hornesby Corporation. March 2. Purchased 2,000 common shares as a short-term investment, paying $41,50 per share plus brokerage commission of $1,050. credits. Exclude explanations from journal entries.) March 5. Purchased additional shares in an associated company at a cost of $1,500,000. Commissions on the purchase were $31,000. August 17. Received a cash dividend of $230,000 from an associated company. November 8 . Purchased short-term investments for $390,000, plus brokerage commission of $7,000. November 17. Received a cash dividend of $300,000 from an associated company. December 31. Received annual reports from associated companies. Iheir total not income for the year was $7,900,000. Of this amount, Hornesby's proportion is 23 percont. Requirement 2. Post entries to the Equity Investments T-account and dotermine its balance at Docember 31, 2023 (Leave any unused cells blank) Requirement 2. Post entries to the Equity Investments. T-account and determine its balance at December 31, 2023. (Leave any unused cells blank.) Requirement 3. Assume the beginning balance of Short-Term Investments was cost of $107,000. Post entries to the Short-Term Investments Traccount and determine its balance at Docember 31, 2023. (Leave any unused cells blank.) Requirement 4. Assuming the market value of the short-ferm investment porttolio is $575,000 at December 31,2023 , show how Hornesby Corporation would report short-term investments and investments in associated companies on the fending balance sheet. (No journal entry is required.)

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