Colah Company purchased $2.3 million of Jackson, Inc. 6% bonds at par on July 1, 2018, with interest paid semi-annually. When the bonds were acquired Colah decided to elect the fair value option for accounting for its investment. At December 31, 2018, the Jackson bonds had a fair value of $2.63 million. Colah sold the Jackson bonds on July 1, 2019 for $2,070,000.

The purchase of the Jackson bonds on July 1.

Interest revenue for the last half of 2018.

Any year-end 2018 adjusting entries.

Interest revenue for the first half of 2019.

Any entry or entries necessary upon sale of the Jackson bonds on July 1, 2019.