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1. Prepare journal entries for the following dates: (a) January 1, 2023; (b) December 31, 2023; and (c) December 31, 2024. 2. For the year

1. Prepare journal entries for the following dates: (a) January 1, 2023; (b) December 31, 2023; and (c) December 31, 2024. 2. For the year ended December 31, 2024, what should be the reported amount of Net Income, Other Comprehensive Income, and Total Comprehensive Income, respectively (ignore income taxes)? Copy-and-paste this below table into your answer, and complete the table: Net Income Other Comprehensive Income Total Comprehensive Income 3. As of December 31, 2024, what should be the balance of the below accounts (after Closing entries have been posted)? Copy-and-paste this below table into your answer, and complete the table: FVOCI Bond Investment Accumulated Other Comprehensive Income (AOCI) 4. Assume that on January 1, 2025, HUC sells the bonds for $317,900. Prepare the applicable journal entry for the sale.

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