Question: 2 Jack Henry borrowed $ 8 0 0 , 0 0 0 from Walt Bank to open a new bike store called Wooden Wheels. Jack

2
Jack Henry borrowed $800,000 from Walt Bank to open a new bike store called Wooden Wheels. Jack transferred $650,000 of the cash that he borrowed to the store on the first day of the year. How many reporting entities exist in this scenario?

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