2. On July 1, 2014, the City of Corfu received a gift of debt securities of XYZ Company with a nominal (par) value of $1,600,000. Income is to be used to make awards for civic achievements. As of the date of the gift, the securities had a market value of $1,668,000. Included in this amount is accrued interest of $18,000. The bonds carried an annual interest rate of 6%, payable semiannually on April 1 and October 1 . During the fiscal year ended June 30, 2015, the following transactions took place: (20 points) 1. The gift was received. 2. On October 1, $48,000 in interest was received. 3. On April 1, $48,000 in interest was received. 4. On April 1, immediately after the receipt of interest, the XYZ bonds were sold for $1,662,000. The proceeds were invested in ABC bonds, which also carried a 6% annual interest rate, payable semiannually on April 1 and October 1. The bonds were purchased at par value. 5. On June 30, 2015, accrued interest on the ABC bonds was recognized 6. On June 30, 2015, awards were made in the amount of $60,000 7. As of June 30, 2015, the fair value of the fair value of the ABC bonds was $1,664,000, exclusive of acerued interest. Required:. Record the above transactions on the books of the City of Corfu Private-Purpose Trust Fund