1) Identify the type of investment described by the phrases below. Some of the phrases may describe more than one category of investments. (Points: 40) a. investments in farm cooperatives b. investments in entities other than farm cooperatives c. life insurance policies d. retirement accounts _Investing in savings accounts, traditional IRAS, or Roth IRAS. Investing in an entity that might pay patronage dividends to its members. _Recording the investment by debiting the Investments account _Recording the share of profit allocated to members by debiting the Investments account. Recording the dividends by crediting the Investments account. Investment with a cash surrender value. _Recording changes in market value. _Investing for the sole purpose of earning income or selling the investment for a profit. _Recording the income from the investment by crediting Miscellaneous Revenue. _Investing in marketable securities. _Investing for the purpose of protecting against the loss of key people in the business. _Investing in an entity that produces or purchases goods for its members and sells them to the members at competitive prices. _Purchasing the investment by becoming a member. _Investments that are considered personal assets. Investments not reported on farm financial statements unless combined statements are prepared. Investing in an entity that is involved in lending to agricultural operations. _Investing for the purpose of having income in later years. Investing in an entity that sells stocks and bonds. _Investing in an entity that provides sales outlets for its members