Collard Investments completed the following investment transactions during 2024 : (Click the icon to view the investment transactions.) Read the requirements. Requirement 1. Journalize Collard's investment transactions. Explanations are not required. (Record debits first, then credits Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Begin by journalizing Collard's investment on January 5, 2024 More info 2024 Jan. 5 Purchased VanCan Company's $475,000 bond at face value. Collard classified the investment as available-for-sale. The VanCan bond pays interest at the annual rate of 9% on June 30 and December 31 and matures on December 31, 2030. Management's intent is to keep the bonds for several years. Jun. 30 Received an interest payment from VanCan. Dec. 31 Received an interest payment from VanCan. Dec. 31 Adjusted the investment to its current market value of $465,000. Requirements 1. Journalize Collard's investment transactions. Explanations are not required. 2. Prepare a partial balance sheet for Collard's VanCan investment as of December 31, 2024. 3. Prepare a comprehensive income statement for Collard Investments for year ended December 31,2024 . Assume net income was $380,000