BridgeportCorp purchased a $100,000 face-value bond of Myers Corp. on August 31, 2019 for $104,450 plus accrued Interest The effective yield on the bond is 8.0395. The bond pays Interest annually each November 1 at a rate of 98. On November 1, 2019. Bridgeport Corp. received the annual interest. On December 31, 2019. Bridgeport's year end, the fair value for these bonds was 103.6. Bridgeport sold the bond on January 15, 2020, for $103.300 plus accrued interest Assume Bridgeport Corp. follows IFRS. (a) Prepare the journal enerles to record the purchase of the bond the receipt of Interest any adjustments required at year end. and the subsequent sale of the bond. (Credit account titles are automatically indented when the amount is entered. Do not indent manually . If no entry is required, select "No Entry for the account titles and enter for the amounts. Compute accrued interest using 1/2 month.) Date Account Titles and Explanation Debit Aug 31. 2019 FV-NI Investments 104450 Interest Receivable Cash Nov.1.2019 Cesh Interest Income Interest Receivable Dec 31, 2019 Interest Receivable Interest Income (To accrue Interest Investment Income or los Dec 31, 2019 FV-NI Investment (To record fair value adjustment) Jan 15, 2020 Cesh Investment income or los Interest Receivable FV-NI Investment