Blossom Company loans Sarasota Company $1,970,000 at 7% for 3 years on January 1, 2017, Blossom intends to hold this loan to maturity. The fair value of the loan at the end of each reporting period is as follo December 31, 2017 $1,924,000 December 31, 2018 1,892,000 December 31, 2019 1,870,000 hen amount ls entered. Prepare the journal entry ies) at Decenber 31, 2017, and December 31, 2019, for Blossom related to these bonds, assuming (a) it daes nat use the fair value optian, and (b)it uses the fair value aption. Interest is paid an January 1. (Credit account Litles are aount t automatically Indented when amount is entered. Do not Indent manually. If no entry is reguired, select "No Entry" for the account titles and enter 0 for the amounts.) No. Date Account Titles and Explanation Debit Credit No. Account Titles and Explanation Debit Credit To record interevenue) (To record fair value acjustment) (To record interest revenue) To record fair value acjustment)