BE12.2 (LO 2) On January 1, 2021, Columbia Ltd. purchased $200,000 of 10%, 10-year bonds at face value (100) with the intention of selling the bonds early the next year. Columbia receives interest semi-annually on July 1 and January 1. At December 31, 2021, which is the companys fiscal year end, the bonds were trading in the market at 97 (this means 97% of face value). Using the fair value through profit or loss model, prepare the journal entries to record (a) the purchase of the bonds on January 1, (b) the receipt of the interest on July 1, and (c) any adjusting entries required at December 31. Record non-strategic investment. BE12.3 (LO 2) Using the data presented in BE12.2, assume that Columbia sold the bonds for $194,000 on January 2, 2022. Record the sale of the bonds.