E3 E17-5 (Debt Investments) Assume the same information as in E17-3 except that Roosevelt has an ac- tive trading strategy for these bonds. The fair value of the bonds at December 31 of each year-end is as follows. 2010 $534,200 2013 $517,000 2011 $515,000 2014 $500,000 2012 $513,000 Instructions (a) Prepare the journal entry at the date of the bond purchase. (b) Prepare the journal entries to record the interest received and recognition of fair value for 201 (c) Prepare the journal entry to record the recognition of fair value for 2011