Free Company purchased $120,000 of 8%, 5 year bonds from GE Company on January 1, 2020. Interest is paid annually on December 31st. The bonds sold for $124,920 at an effective interest rate of 7%. Free Company classified the debt investment as Available for Sale and uses the effective interest method. This was Free's Company first AFS Debt Investment. At the end of the year, this investment had a fair value of $126,000. There are multiple parts to this problem...be sure to scroll down. Do not copy, cut or erase the answer format. Add your answers within the format. 1 A B I % A. Prepare all 2020 entries beginning with the purchase of the investment on 1/1/2020. Account Dr. CR