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Trader Investments completed the following transactions during 2024: Click the icon to view the transactions.) Requirements 1. Journalize Trader's transactions. Explanations are not required. 2. Classify and prepare partial financial statements for Trader's 30% Tycon investment for the year ended December 31, 2024 Requirement 1. Journalize Trader's transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. If no entry is required, select "No entry required" on the first line of the Accounts column and leave the remaining cells blank.) Jan. 14: Purchased 900 shares of Tycon stock, paying $57 per share. The investment represents 30% ownership in Tycon's voting stock and Trader has significant influence over Tycon. Trader intends to hold the investment for the indefinite future. Date Accounts Debit Credit Jan. 14 - More Info Jan. 14 Purchased 900 shares of Tycon stock, paying $57 per share. The investment represents 30% ownership in Tycon's voting stock and Trader has significant influence over Tycon. Trader intends to hold the investment for the indefinite future. Aug. 22 Received a cash dividend of S0.72 per share on the Tycon stock. Dec. 31 Tycon's current market value of $54 per share. Dec. 31 Tycon reported net income of $350,000 for the year ended 2024

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