Colah Company purchased $20 million of Jackson, Inc., 6% bonds at their face amount on July 1, 2021, with interest paid semi- annually. The bonds mature In 20 years but Colah planned to keep them for less than 3 years, and classified them as avallable for sale Investments. When the bonds were acquired Colah decided to elect the fair value option for accounting for Its investment. At December 31, 2021, the Jackson bonds had a falr value of $2.30 million. Colah sold the Jackson bonds on July 1, 2022 for $1,800,000. a. The purchase of the Jackson bonds on July 1. b. Interest revenue for the last half of 2021. c. Any year-end 2021 adjusting entries d. Interest revenue for the first half of 2022. e. Any entry or entrles necessary upon sale of the Jackson bonds on July 1, 2022 Required: 1. Prepare Colah's Journal entries for above transactions 2. Complete the following table to show the effect of the Jackson bonds on Colah's net Income, other comprehensive Income, and comprehenslve Income for 2021, 2022, and cumulatvely over 2021 and 2022