Brief Exercise 17-11 Wildhorse Company invests $10,60 000 in 5% fixed rate corporate bonds on January 1 2017. All the bonds are classified as available for sale and are purchased at par At year-end market interest rates have declined, and the fair value of the bonds is now $11,253,000. Interest is paid on January 1 Prepare jounal entries for Wildhorse Company to (a) record the transactoslated to these bonds in 2017, assuming Wildhorse does not elect the fair option; and (b) record the transactions related to these bonds in 2017, assuming that Wildhorse Company elects the fair value option to account for these bonds. (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 O for the amounts) and Explanation To record interest revenue) To record fair value adjustment) No. Date Account Titles and Explanation Debit Credit To record interest revenue) To record fair value adjustment) Click if you would like to Show Work for this question: Open Show Work