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On October 1, 2024, Sytvia's Restaurant decides to invest excess cash of $56,400 from the tourist seascn by purchasing a Prairie, Inc. bond at face

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On October 1, 2024, Sytvia's Restaurant decides to invest excess cash of $56,400 from the tourist seascn by purchasing a Prairie, Inc. bond at face value. At year-end, December 31,2024 , Prairie's bond had a market value of $51,600. The irwestment is catogorized as an avalable-for-sale debt imestment and will be held for the short-term. Read the reguimements. Requirement 1. Journalize the transactions for Sybva's investment in Praine, Inc. for 2024. (Record debits first, then crediss, Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Acoounts and Explanation column and leave the remaining cels blank.) Begin by journalizing Sylvia's investment in the Prairie, linc., bond on October 1, 2024. Requirements 1. Joumalize the transactions for Sylvia's imestment in Prairie, Inc. for 2024. 2. In what category and at what value would Sytvia report the asset on the December 31, 2024, balance sheet? In what acoount would the market price change in Prairie's stock be reported, it at all? 3. What was the net etect of the investment on Sytvia's net income for the year endod Decomber 31, 2024

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