Entries for TS: Effective Interest Method securities$.$ West Company's annual reporting period ends December $31.$ Assume the effective interest method of amortization of any discounts or premiums.

Note: When answering the following questions, round answers to the nearest whole dollar.

Amortization Schedule Journal Entries in Year $1$ Journal Entries in Year $2$

d$.$ Record the receipt of interest on January $1$ of Year $2.$

e$.$ Record the sale of all of the bonds on January $2$ of Year $2$ for $$83,050.$

$\backslash$table$[[$Date$,$Account Name,,Dr$.,$Cr$.],[$Jan$.2,$ Year $2,,v,0,*.],[,v,0,0],[i,v,0,0],[$To record the sale of investments.,,,$]]$

f$.$ Record the adjustment to the Fair Value Adjustment account on December $31$ of Year $2,$ assuming no additional TS investments.

$\backslash$table$[[$Date$,$Account Name,,Dr$.,Cr.],[$Dec$.31,$ Year $2,,v,0,0],[,,,y^3,0],[,$To adjust FVA account.,,,$]]$