2 Part 2 of 3 10 points Required information [The following information applies to the questions displayed below.] On January 1, 2019, Rain Technology purchased at par $77,000, 7%, bonds of Lightyear Services Company. The bonds pay interest quarterly on March 31, June 30, September 30, and December 31. Rain Technology's year ends on December 31. The following information applies to the fair value of Lightyear Services' bonds: Bond Price 12/31/2019 $75,000 12/31/2020 84,000 12/31/2021 79,000 eBook Rain Technology sold the bonds on July 14, 2022, for $82,000. Print References 2. Assuming that Rain purchased the bonds as trading securities, prepare journal entries at the end of each year and on the date of sale. Ignore interest. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 Recognize the fair valu Note: Enter debits before cre Date December 31, 2019 Equity in affiliate earnings Gain on sale of investments Goodwill Interest revenue Investments Investments Debit Credit Record entry Clear entry View general journal >