At the end of 2012, Terry Company had the following portfolio of securities: During 2013, the following transactions occurred: July 8 Sold all of the Morgan Co. stocks for $35,400. Sep. 1 Purchased $100,000 of 5-year, 9% Duke Corp's bonds at principal amount (i.e., purchase price is the face value of the bonds). Annual interests will be paid on August 31 per year. Terry company has a business model for debt investments: collect contractual cash flows and to sell when circumstances warrant. Hence the bond investments are classified as FVOCI securities. Dec. 31 On Dec. 31, 2013, the year-end market values of investments were : (Continued on next page): Page 9 of 10 During 2014, the following transactions occurred: January 2 Sold all of the Nance Co. Stocks for $45,100. Required: Please prepare journal entries for these transactions in 2013 and 2014 (including the fair value adjustments on Dec. 31 2013). You do not need to consider the adjustments on Dec 31, 2014. Show the necessary calculation. (Hint: Interest must be accrued for the Duke Corp's bonds at the end of 2013).|