Bridgeport Company loans Ivanhoe Company $2,010,000 at 6% for 3 years on January 1, 2025. Bridgeport intends to hold this loan to maturity and has the financial ability to do so. The fair value of the loan at the end of each reporting period is as follows. December 31, 2025 $2,058,000 December 31, 2026 2,029,000 December 31, 2027 2,010,000 Prepare the journal entries at December 31, 2025, and December 31, 2027, for Bridgeport related to these bonds, assuming (a) it does not use the fair value option, and (b) it uses the fair value option. Interest is paid on January 1. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) No. Date Account Titles and Explanation Debit Credit (a) choose a transaction date enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount choose a transaction date enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount No. Date Account Titles and Explanation Debit Credit (b) choose a transaction date enter an account title to record interest revenue enter a debit amount enter a credit amount enter an account title to record interest revenue enter a debit amount enter a credit amount (To record interest revenue) choose a transaction date enter an account title to record fair value adjustment enter a debit amount enter a credit amount enter an account title to record fair value adjustment enter a debit amount enter a credit amount (To record fair value adjustment) choose a transaction date enter an account title to record interest revenue enter a debit amount enter a credit amount enter an account title to record interest revenue enter a debit amount enter a credit amount (To record interest revenue) choose a transaction date enter an account title to record fair value adjustment enter a debit amount enter a credit amount enter an account title to record fair value adjustment enter a debit amount enter a credit amount (To record fair value adjustment)