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Solve the following problem using Python, implementing the functions described below, one line at a time
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Description:
 def _initialize_application():
 """ Initializes the Application. """


    RuntimeGlobals.application = umbra.ui.common.get_application_instance()
    umbra.ui.common.set_window_default_icon(RuntimeGlobals.application)

    RuntimeGlobals.reporter = umbra.reporter.install_exception_reporter()