annually, ine Donas mature in 20 years out Coian pienned to keep them for less than 3 years, and classmea mem as avanacie Tor sale Investments. When the bonds were acquired Colah decided to elect the fair value option for accounting for Its Investment. At December 31, 2021, the Jackson bonds had a fair value of $2,300,000. Colah sold the Jackson bonds on July 1, 2022 for $1,800,000. a. The purchase of the Jackson bonds on July 1. b. Interest revenue for the last half of 2021. c. Any year-end 2021 adjusting entries. d. Interest revenue for the first half of 2022. e. Any entry or entries necessary upon sale of the Jackson bonds on July 1, 2022. Required: 1. Prepare Colah's journal entries for above transactions. 2. Complete the following table to show the effect of the Jackson bonds on Colah's net income, other comprehensive income, and comprehensive income for 2021, 2022, and cumulatively over 2021 and 2022. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the following table to show the effect of the Jackson bonds on Colah's net income, other comprehensive income, and comprehensive income for 2021, 2022, and cumulatively over 2021 and 2022. (Amounts to be deducted should be indicated with a minus sign.) Net Income OCI Comprehensive Income 2021 2022 60,000 (410,000) $ 300,000 S Total (350,000) $300,000 $ 360,000$ (140,000)$ 220.000