ASSUME all of the same facts except that the Company sold $10\%$ of the AFS Investment in Bonds on $7/1/$yr$2($instead of the $2/8$ sale as presented in the original problem.$)$ The $7/1/$yr$2$ entry to recognize Interest Revenue has already been made. The sale price $($fair value$)$ for $10\%$ of the investment is $$7,720.$ The intent is to hold the remaining bonds for another $3$ years.

$1)$ The company adjusts the accounts at the point of sale. Prepare the journal entries for the adjustment of $10\%$ of the investment and the sale of $10\%$ of the investment $($instead of the $2/8$ sale as presented in the original problem.$)$ Ignore the adjustment of the remaining $90\%$ of the investment until $12/31/$yr$2.$ Provide all supporting computations and round to the nearest dollar.

$2)$ Prepare the Asset and Stockholder's Equity section of a partial Balance Sheet $($as shown in class$)$ after adjustment and sale on $7/1/$Yr$2?$ You must use a proper heading for your partial Balance Sheet. HINT: You still have $90\%$ of the Investment on the books! Provide all supporting computations.

$3)$ Prepare a partial Income Statement for the period ending $7/1/$Yr $2$ after adjustment and sale as presented in class. You must use a proper heading for your partial Income Statement. Provide all supporting computations.