2018 Jan. 5Purchased Valant Company's $450,000 bond at face value. North classified the investment as available-for-sale. The Valant bond pays interest at the annual rate of 9% on June 30 and December 31 and matures on December 31, 2023. Management's intent is to keep the bonds for several years Received an interest payment from Valant. Received an interest payment from Valant. Adjusted the investment to its current market value of $441,500. 30 31 31 Jun. Dec