Collard Investments completed the following investment transactions during 2024: (Click the icon to view the investment transactions.) Read the tequirements Requirement 1. Journalize Collard's investment transactions. Explanations are not required. (Record debits first first line of the Accounts and Explanation column and leave the remaining cells blank.) Begin by journalizing Collard's investment on January 5, 2024. Date Accounts and Explanation 2024 Jan. 5 Available-for-Sale Debt Investments Cash Debit Credit 240000 2400 I maining cells blank.) Requirements 1. Journalize Collard's investment transactions. Explanations are not required. 2. Prepare a partial balance sheet for Collard's Varna investment as of December 31, 2024. 3. Prepare a comprehensive income statement for Collard Investments for year ended December 31, 2024. Assume net income was $240,000. Print Done raded ansactions during 2024: ons e th More info 2024 Jana Question 3, EF15-11 (similar to) Part 1 of 6 HW Score > Points 2024 Jan. 5 Purchased Varna Company's $425,000 bond at face value. Collard classified the investment as available-for-sale. The Varna bond pays interest at the annual rate of 7% on June 30 and December 31 and matures on December 31, 2028. Management's intent is to keep the bonds for several years. Jun. 30 Received an interest payment from Varna. Dec. 31 Received an interest payment from Varna. Dec. 31 Adjusted the investment to its current market value of $420,500. Print Done