andy Sensations purchases $20,000 of 7%, 10-year bonds issued by Pizza Pier at face amount (par) on January 1, 2024. Interest is received semiannually on June 30 and December 31. Required: How will the purchase of bonds by Sandy Sensations on January 1, 2024, affect the financial statements? How will the receipt of the first semiannual interest payment on June 30, 2024, affect the financial statements?