AFS securities$.$ West Company's annual reporting period ends December $31.$ Assume the effective interest method of amortization of any discount or premium.

Note: When answering the following questions, round each amount to the nearest whole dollar.

Amortization Schedule Journal Entries and Financial Statement Presentation for Year $1$ Journal Entries for Year $2$

b$.$ Record the entry for the purchase of the bonds by West Company on July $1$ of Year $1.$

$\backslash$table$[[$Date$,$Account Name,Debit,Credit$],[$Dec$.31,$ Year $1,,,],[,,],[,,],[$To accrue interest revenue.,,$],[$Dec$.31,$ Year $1,,,],[,,-],[$To adjust investment to fair value.,,$]]$

d$.$ Indicate the effects of this investment on the Year $1$ income statement and year$-$end balance sheet. Igniqre cash.

Note: Do not use a negative sign for an account with a normal balance.

$\backslash$table$[[$Income Statement$],[$Other Revenues$],[$Interest revenue $