For each of the following investments identify how they would best be classified (debt or equity, and which classification within that category). Describe why you chose that classification. Describe the method that should be used to account for the investment. Will they be restated to fair value each year? Will any unrealized gain or loss be accounted for and will it go through income or equity? NOTE: There may not be a "right" answer. The points will be given on your justification for your choice. You should use complete sentences, write legibly, and correct grammar! (a) Jones Company purchased an investment in bonds that mature in 10 years. Jones intends to use the cash flow generated by the interest payments on the bonds to provide employee bonuses during the next 10 fiscal years. (b) Smith Company purchased an investment in common stock based on a recommendation from the CEO's broker. The broker believes the price will increase substantially over the next couple of months