Bond Investment Transactions Journalize the entries to record the following selected bond investment transactions for Starks Products: For a compound transaction, if an amount box does not require an entry, leave it blank. a. Purchased for cash $66,000 of Iceline, Inc, 8% bonds at 100 plus accrued interest of $880, paying interest semiannualiy. b. Received first semiannual interest payment. c. Sold $44,000 of the bonds at 103 plus accrued interest of $500. Valuing Trading Securities at Fair Value On January 1, Valuation Allowance for Trading Investments had a zero balance, On December 31 , the cost of the trading securities portfolio was $41,500, and the Tair value was $43,200 Prepare the December 31 adjusting journal entry to record the unrealized gain or foss on trading inyestments. Dec, 31