(1) < On January 1, 2022, Roosevelt Company purchased 12% bonds having a maturity value of $500,000 for $537,907.40. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2022, and mature January 1, 2027, with interest received December 31 of each year. Roosevelt's business model is to hold these bonds to collect contractual cash flows. [Instructions] Prepare the journal entries for 2022 & 2023. < (2) Assume the same information as in (1) except that Roosevelt has an active trading strategy for these bonds. The fair value of the bonds at December 31 of each year-end is as follows. < T < [Instructions] 2022 $534,200 2023 $515,000 2025 2026 $517,000 $500,000 2024 $513,000 I. Assume Roosevelt still calculates amortized cost and uses adjustment account to report these bonds: II. Assume Roosevelt still calculates amortized cost and does not use adjustment account to report these bonds: III. Assume Roosevelt does not calculate discount or premium and uses fair value to evaluate these bonds directly (no adjustment account): < Prepare the journal entries for 2022 & 2023. < (3) Assume the same information as in (2) except that Roosevelt has a strategy of held-for- collection and selling for these bonds. < [Instructions] Prepare the journal entries for 2022 & 2023