24 On January 1, Ralston Corp. issues $960,000 of 12% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Price Investment Company purchases all of the bonds and classifies them as available-for-sale. 1 points Assuming the market interest rate on the issue date is 13%, Price will purchase the bonds for $907,111. Required: 1. Complete the first three rows of an amortization table for Price. 2. Record the purchase of the bonds by Price on January 1 and the receipt of the first two semiannual interest payments on June 30 and December 31. 3. Assume the fair value of the bonds equals $900,000 on December 31. Record any necessary fair value adjustment. 4. Calculate net income and comprehensive income. Assume the company has sales revenue of $2,350,000 and operating expenses of $1,645,000. X Answer is not complete. Required 1 Required 2 Required 3 Required 4 Assume the fair value the bonds equals $900,000 on December 31. Record any necessary fair value adjustment. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) No Date General Journal Debit Credit 1 December 31 Unrealized Holding Loss-Other Comprehensive Income 67,200 X Investments 67,200 X