Do the necessary journal entries and the calculation for this.

Charters Inc. On January 1, 2020, SWL purchased 10-year bonds with a face value of $2,000,000 and a 5% annual coupon rate from Charters Inc. Interest is paid semi-annually on June 30th and January 1st. The annual market rate for an investment of comparable risk was 4% at the time of purchase. At the time of acquisition SWL planned to hold the bonds until maturity when they would be used to finance a new administrative building. The fair value of the investment on December 31,2020 , was $2,250,000. Due to an unexpected need for cash during 2021 , the bonds were sold on December 31, 2021 for $2,300,000 (including interest receivable)