a. Provide the entry to record the purchase of the investment on January 1 of Year 1. b. Provide the entry on June 30 of Year 1 to record the receipt of interest. - Note: Round your answers to the nearest whole dollar. c. Provide the entry on December 31 of Year 1 to record the receipt of interest and the adjustment to fair value (if required). The fair value of the bonds was $550,000 on December 31 of Ye, - Note: Round your answers to the nearest whole dollar. - Note: If a journal entry isn't required on any of the dates shown, select "N/A-Debit" and "N/A-Credit" as the account names and leave the Dr. and Cr. answers blank (zero)