At December 31, 2023, the equity investments of Bramble Inc. that were accounted for using the FV-OCI model without recycling were as follows:

Investment		Cost and Carrying Amount				Fair Value			Unrealized Gain (Loss)
Ahn Inc.			$175,500			$149,800			$(25,700)
Burnham Corp.			122,600			140,100			17,500
Chi Ltd.			73,000			75,100			2,100
Total			$371,100			$365,000			$(6,100)

Because of a change in relationship with Ahn, Bramble sold its investment in Ahn for $153,700 on January 20, 2024. No other investments were acquired or sold during 2024; however, a dividend of $1,300 was received from Burnham in June. At December 31, 2024, the fair values of Burnham and Chi shares were $154,800 and $72,200, respectively.

Prepare the entry to adjust the portfolio of investments to fair value at December 31, 2023. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List debit entry before credit entry.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31, 2023	enter an account title for the adjusting entry on December 31, 2023	enter a debit amount	enter a credit amount
	enter an account title for the adjusting entry on December 31, 2023	enter a debit amount	enter a credit amount

Prepare the presentation of all investment-related accounts on the statement of financial position at December 31, 2023. Assume AOCI at December 31, 2022, is nil. (Enter negative amounts using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).)

BRAMBLE Inc. Statement of Financial Position choose the accounting period December 31, 2023For the Month Ended December 31, 2023For the Year Ended December 31, 2023
select an opening name for section one Current AssetsLong-term InvestmentsShareholders EquityTotal Current AssetsTotal Long-term InvestmentsTotal Shareholders Equity
select a statement of financial position item CashInventoryInvestments in Equity Securities, FV-OCIOther Current LiabilitiesUnrealized Gains on FV-OCI InvestmentsUnrealized Losses on FV-OCI Investments		$enter a dollar amount
select an opening name for section two Current AssetsLong-term InvestmentsShareholders EquityTotal Current AssetsTotal Long-term InvestmentsTotal Shareholders Equity
select an opening subsection name Accumulated Other Comprehensive IncomeFixed AssetsLong-Term DebtLong-term InvestmentsTotal Accumulated Other Comprehensive IncomeTotal Long-Term Debt
select a statement of financial position item CashInventoryInvestments in Equity Securities, FV-OCIOther Current LiabilitiesUnrealized Gains on FV-OCI InvestmentsUnrealized Losses on FV-OCI Investments		$enter a dollar amount

Indicate what accounts and amounts would be reported on the statement of comprehensive income for the year ended December 31, 2023, and where each would be reported. (Enter negative amounts using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).)

BRAMBLE Inc. Statement of Comprehensive Income choose the accounting period December 31, 2023For the Month Ended December 31, 2023For the Year Ended December 31, 2023
select a comprehensive income item Comprehensive Income / (Loss)Gross Profit / (Loss)Net Income / (Loss)Other Comprehensive Income Item that will be Reclassified to Net IncomeOther Comprehensive Income Item that will not be Reclassified to Net Income		$XXX
select an opening section name Comprehensive Income / (Loss)Gross Profit / (Loss)Net Income / (Loss)Other Comprehensive Income Item that will be Reclassified to Net IncomeOther Comprehensive Income Item that will not be Reclassified to Net Income
select a comprehensive income item Dividend RevenueHolding Gains on InvestmentsInterest ExpenseUnrealized Gain on FV-OCI InvestmentsUnrealized Net Loss on FV-OCI Investments		enter a dollar amount
select a closing name for this statement Comprehensive Income / (Loss)Gross Profit / (Loss)Net Income / (Loss)Other Comprehensive Income Item that will be Reclassified to Net IncomeOther Comprehensive Income Item that will not be Reclassified to Net Income		$XXX

Prepare the journal entries for the 2024 sale of the investment in Ahn, including reclassifying holding gains or losses to retained earnings and for the dividend received from Burnham. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record entries in the order displayed in the problem statement. List all debit entries before credit entries.)

Date	Account Titles and Explanation	Debit	Credit
choose a transaction date Jan. 20, 2024June 2024	enter an account title to adjust to fair value at date of disposal	enter a debit amount	enter a credit amount
	enter an account title to adjust to fair value at date of disposal	enter a debit amount	enter a credit amount
	(To adjust to fair value at date of disposal)
choose a transaction date Jan. 20, 2024June 2024	enter an account title to record disposal	enter a debit amount	enter a credit amount
	enter an account title to record disposal	enter a debit amount	enter a credit amount
	(To record disposal)
choose a transaction date Jan. 20, 2024June 2024	enter an account title to reclassify holding loss	enter a debit amount	enter a credit amount
	enter an account title to reclassify holding loss	enter a debit amount	enter a credit amount
	(To reclassify holding loss)
choose a transaction date Jan. 20, 2024June 2024	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount

Prepare the journal entry required at December 31, 2024, to adjust the investments to fair value. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List debit entry before credit entry.)

Account Titles and Explanation	Debit	Credit
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount