Taj Corp buys and sells debt securities which it classifies as securities available for sale. The company’s fiscal year ends on December 31. On December 27, 2022, Taj purchases America comm bonds at par for $700,000. At December 31, the bonds had a fair value of $725,000. On January 3, 2023, the bonds were sold for $737,000. If Taj records unrealized holding gains and losses up to the moment of sale, what would be the amount of reclassification adjustment—OCI that Taj would record upon sale?

Pika corp sells an asset with a $2,500,000 fair value to james inc. James agrees to make 8 equal payments, each to be paid one year apart, starting on the date of sale. The payments include principal and 6% annual interest. The present value of an ordinary annuity for eight periods at 6% is 6.20979. The present value of an annuity due for eight periods at 6% is 6.58238. What is the required annual installment payment?