Example 1: On January 1, 2019 Canes Co. purchased $100,000 of 8 percent bonds of Piper Co., at a discount, paying $92,278. The bonds mature January 1, 2024 and yield 10% (i.e., market rate at issuance is 10%). Interest is payable semiannually on July 1 and January 1. Canes Co. has the capacity and the intent to hold these bonds until maturity. Provide journal entries related to the investment in the books of Canes Co. for 2019