A B D E F G H 1 J K L M N 1 2 3 Jackson Company purchased $100,000 of the 6%, 10-year bonds of Blanche Corporation for $92,976 on 5/2/20, which provides a 7% return on annual interest payments made every 5/1. Jackson does not intend to hold the bonds until maturity, but will hold them for longer than a year. The market value of the bonds at 12/31/20 is $93,100 and at 12/31/21 is $94,500. On 3/1/22, Jackson sells the bonds for $95,150. What journal entries will Jackson make in 2020 and 2021 to appropriately record these transactions and to report this investment on the year-end financial statements and on 3/1/22 to record the sale of the investment? 4 5 6