Colah Company purchased $$1,100,000$ of Jackson, Incorporated, $8\%$ bonds at par on July $1,2024,$ with interest paid semi$-$annually. Colah determined that it should account for the bonds as an available$-$for$-$sale investment. At December $31,2024,$ the Jackson bonds had a fair value of $$1,310,000.$ Colah sold the Jackson bonds on July $1,2025$ for $$990,000.$

Required:

Prepare Colah$$s journal entries for the following transactions:

The purchase of the Jackson bonds on July $1.$

Interest revenue for the last half of $2024.$

Any year$-$end $2024$ adjusting entries.

Interest revenue for the first half of $2025.$

Any entries necessary upon sale of the Jackson bonds on July $1,2025,$ including updating the fair$-$value adjustment, recording any reclassification adjustment, and recording the sale.

Complete the following table to show the effect of the Jackson bonds on Colah$$s net income, other comprehensive income, and comprehensive income for $2024,2025,$ and cumulatively over $2024$ and $2025.$