For the past three years, Sheridan Holdings Ltd$.$ has held bonds as investments, which it accounted for using the amortized cost model.

The bonds were purchased at a discount and are currently classified as Bond Investment at Amortized Cost. There have been no

disposals of bonds since the purchase in early $2021.$ Due in part to Bonafacio's liquidity needs, and the recent market rate of interest

increases, Sheridan has changed its plans concerning holding the bonds as fixed income. It now feels unwilling to wait for the bonds$$

maturity date to collect the proceeds from the maturity. Consequently, it was decided in December $2023$ that the bonds should

instead be accounted for as Fair Value$$Net Income $($FV$-$NI$)$ Investments. Sheridan follows IFRS. The carrying amount and fair value of

the investment portfolio of bonds appears below, along with the interest income recorded in the accounts:

REQUIRED: Prepare any necessary journal entry at December $31,2023,$ assuming prior years$$ financial statements would need to be adjusted.