Dayco Corporation purchased 2,000 Inland Inc. bonds in 2016 for $400 per bond and classified the investment in as available for sale securities. The value of the Inland investment was $500 per bond on December 31, 2017. During 2018, Dayco sold all of its Inland investment at $600 per bond. Required: Prepare all the necessary journal entries to record the: (a) 2016 purchase of the bonds. 0 (b) 2017 fair value adjustment. 1 (c) 2018 bond sale. 2