Espresso Front Inc. made the following bond investment during the year for the purpose of trading. Assume Espresso uses the fair value through profit or loss model and has a fiscal year end at March 31, 2022. Feb. 1, 2022 Purchased Arnprior Bonds at par for $20,000. Interest is paid semi-annually at a rate of 4% on February 1 and August 1 each year. Mar. 31, 2022 The Arnprior Bonds were trading at 101. Aug. 1, 2022 Collected interest on the Arnprior Bonds. Aug. 2, 2022 Sold the Arnprior Bonds for $20,500.

(a) Record the above transactions and any necessary adjusting entries for Espresso Front at its year end of March 31, 2022