$2.$ On January $1,2020,$ Novotna Company purchased $$500,000,6\%$ bonds of Aguirre Co$.$ for $$473,787.$ The bonds were purchased to yield $8\%$ interest. Interest is payable semiannually on July $1$ and January $1.$ The bonds mature on January $1,2023.$ Novotna Company uses the effective$-$interest method to amortize discount or premium. On July $1,2022,$ Novotna Company sold the bonds for $$497,000$ after receiving interest to meet its liquidity needs.

The fair value of Aguirre bonds is $$482,849$ on December $31,2020$ and $$485,000$ on December $31,2021.$

Prepare the necessary adjusting entry on December $31,2021(20$ pts$)$