Fleet Inc. is an athletic footware company that began operations on January 1, 2012. The following transactions relate to debt investments acquired by Flett Inc., which has a fiscal year ending on December 31: 2012 Mar. 1 Purchased $36,000 of Madison Co. 5%, 10-year bonds at face value plus accrued interest of $150. The bonds pay interest semiannually on February 1 and August 1. Apr. 16 Purchased $45,000 of Westville 4%, 15-year bonds at face value plus accrued interest of $75. The bonds pay ibnterest semiannually on April 1 and October 1. Aug. 1. Received semiannual interest on the Madison Co. bonds. Sept. 1. Sold $12,000 of Madison Co. bonds at 98 plus accrued interest of $50. Oct. 1. Received semiannual interest on Westville bonds. Dec. 1. Accrued $500 interest on Madison Co. bonds. Dec. 31. Accrued $450 interest on Westville bonds 2013 Feb. 1. Received semiannual interest on the Madison Co. bonds. Apr. 1. Received semiannual interest on the westville bonds. Instructions: 1) Journalize the entires to record these transactions 2) If the bond portfolio was classified as available-for-sale, what impact would this have on finaical statement disclosure