4. Kerr Company had the following transactions pertaining to its investments in bonds during 2017: Jan 1 Purchased $50,000, 10%, 10-year bonds for $46,000 cash. The bonds pay interest semi-annually each June 30 and December 31. June 30 Received the semi-annual bond interest. Dec 31 Received the semi-annual bond interest. On December 31, 2017, the market value of the bond investment is $47,500. Instructions (a) Indicate the set-up of the basic bond information. (b) Give the general journal entries for the 2017 transactions. Assume the bonds have been purchased as held to maturity securities. (c) Indicate the accounts and amounts that would appear on the 2017 financial statements. (d) If the bonds are sold on December 31, 2022 for $49,000 cash, give the entry to record the sale.