10) On January 1, 2019 Nittany Inc. issues a $100,000 par value, 7% 3-year bond with interest payments due semiannually on June 30 and December 31. At the time of issuance, the market interest rate on bonds with similar risk was 6%. The entire bond issuance was purchased by Valley Corporation. What entry does Valley Corporation make on January 1, 2019 to record its purchase of the bonds? Assuming that Valley Corporation's 2019 fiscal year ends on December 31, 2019, what amount of interest revenue does Valley Corporation record in 2019 from the bonds issued by Nittany Inc