(b) (4 Points) For each of the following independent situations, prepare the journal entry that the Company would have instead recorded on December 31, 2024 (related only to the fair value of the investment) if the investment had originally been classified as follows rather than as available-for-sale. If no journal entry is required in any of the situations, write “no journal entry is required” – DO NOT LEAVE BLANK.

REO Speedwagon Corporation chooses to use the fair value option to value bonds that it issued at face value earlier in the year. At the end of the year, the Company recorded an unrealized holding gain through other comprehensive income. Using this limited fact pattern, what can be concluded about how the fair value of the debt and the Company’s credit rating changed over the year?

October 1, 2025: Account Debit Credit  

How much gain (loss), if any, should the Company report on its 2026 income statement related to the March 28 transaction? If none, answer “0” below.

The following information is related to two independent fact patterns of Elvis, Inc. (“the Company”):

The physician ordered 1.5 liters of D5LR to be infused from 0700 until 1900. Calculate the mL/hr the nurse will use to set the pump.  

The nurse is assessing the 1000 mL IV bags at the change of an 8 hour shift which began at 0700.  The nurse is assigned 4 women for care.  Which woman will the nurse prepare a new IV bag for prior to ending his/her shift? 

A laboring patient is ordered Cefazolin 1 gram IV Piggyback in 100 mL of sodium chloride to be administered over 20 minutes by infusion pump.  Calculate the IV rate in mL/hr.

If the nurse begins an IV of 500mL of NS to infuse at 100 mL/hr at 0900, at what time will the nurse hang the next bag.  Calculate to the hour.  Place the answer in military time.

The nurse has prepared an intramuscular injection for a neonate. What is the preferred injection site for a neonate?