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Question 11 Sheridan Carecenters Inc provides financing and capital to the healthcare industry, with a particular focus on nursing homes for the elderly. The following

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Question 11 Sheridan Carecenters Inc provides financing and capital to the healthcare industry, with a particular focus on nursing homes for the elderly. The following selected transactions relate to bonds acquired as an investment by Sheridan, whose fiscal year ends on December 31. 2020 Jan. 1 Purchased at face value $2.448,500 of Javier Nursing Centers, Inc., 10-year, 10% bonds dated January 1, 2017, directly from Javier Dec. 31 Accrual of interest at year-end on the Javier bonds. (Assume that all intervening transactions and adjustments have been properly recorded and that the number of bonds owned has not changed from December 31, 2020, to December 31, 2022.) 2023 Jan. 1 Jan 1 Dec. 31 Received the annual interest on the Javier bonds Sold $1,224,250 Javier bonds at 106. Accrual of interest at year-end on the Javier bonds

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