Gaelic Industries Inc, is an athletic footware company that began operations on January 1, 2016. The following transactions relate to debt investments acquired by Gaelic Industries Inc., which has a fiscal year ending on December 31: 2016 May Purchased $75,000 of Avery Co. 7%, 15-year bonds at their face amount plus accrued interest of $875. The bonds pay interest semiannually on March 1 and September purchased 160,000 of Clawhammer 6%, 10-year bonds at their face amount plus accrued interest of $150. The bonds pay interest semiannually on May 1 and November 1. Sept Received semiannual interest on the Avery Co. bonds. Sold $30,000 of Avery Co. bonds at 98 plus accrued interest of $175. Nov. Received semiannual interest on the Clawhammer bonds. Dec. Accrued $1, 050 interest on the Avery Co. bonds. Accrued $600 interest on the Clawhammer bonds. 2017 Mar Received semiannual interest on the Avery Co. bonds. May Received semiannual interest on the Clawhammer bonds. Instructions Journalize the entries to record these transactions. If the bond portfolio is classified as available for sale, what impact would this have on financial statement disclosure