Example 2) Fair value through profit or loss: Debt investment ABC Co. had the following transactions pertaining its trading investments: Purchased $200,000 of 3-year, 6% bonds at 104. Interest is payable on each August 1 and February 1. Feb. 1, 2021 Aug. 1, 2021 Dec. 31, 2021 The fair value of the bonds was 100. Received interest on the bonds. Instruction: Record the above transactions, using the fair value through profit or loss model. Also, prepare any required adjusting entry/entries at December 31, 2021. ABC Co. has a December 31 year-end.