Gaelic Industries Inc. is an athletic footware company that began operations on January 1, 2016. The following transactions relate to debt inwestments acquired by Gaelic Industries Inc., which has a fiscal year ending on December 31 Record these transactions on poge 1 0 2016 Purchased $81,600 of Avery Co. 4%, 15-year bonds at their face amount plus accrued interest of S544The bonds pay interest semiannually on March 1 and September 1. Purchased $60,000 of Clawhammer 8%, 10-year bonds at their face amount plus accrued interest of $200. The bonds pay interest semiannually on May 1 and November 1 Received semiannual interest on the Avery Co. bonds. Sold 25,200 of Avery Co. bonds at 96 plus accrued interest of $84. May 1 16 Sept. 1 30 Nov. 1 Received semiannual interest on the Clawhammer bonds. Dec. 31 Accrued $752 interest on the Avery Co. bonds 31 Accrued $800 interest on the Clawhammer bonds Record these transactions on page 11 2017 Mar. 1 Received semiannual interest on the Avery Co. bonds May 1 Reccived semiannual interest on the Clawhammer bonds. Required: 1. Jounalize the entries to record these transactions. Be sure to enter the year as part of the date for the first entry on each page. Refer to the information given and the Chart of Accounts provided for the exact wording of the answer choices for text entries. In your computations, round per share amounts to two decimal places 2. If the band portfolio is classifiled as available for salo, what impact would this have on financial statement disclosuro