Emma Co is a publicly traded company. On January 1, 2019, the company acquired $2,000,000, 8%, 10-years bonds from Saba Co. The yield-to-maturity is 6%, and the interest is paid every six months, on June 30 and December 31. This investment is classified as Amortized Cost Investment. Required- 1) Prepare the journal entries in the books of Emma from January 1, 2019 to December 31, 2019. 2) Assume the bonds trade at $2,300,000 on December 31, 2019. Prepare the adjusting entries on December 31, 2019, to update the fair value of the bonds assuming Emma decided to classify them as FVTOCI investments.