Grouper Corp. purchased a $100,000 face-value bond of Myers Corp. on August 31, 2019, for $104,500 plus accrued interest. The effective yield on the bond is 11.03%. The bond pays interest annually each November 1 at a rate of 12%. On November 1, 2019, Grouper Corp. received the annual interest. On December 31, 2019, Grouper's year end, the fair value for these bonds was 103.7. Grouper sold the bond on January 15, 2020, for $103,400 plus accrued interest. Assume Grouper Corp. follows IFRS. - Your answer is partially correct. Prepare the journal entries to record the purchase of the bond, the receipt of interest, any adjustments required at year end, and the subsequent sale of the bond. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Compute accrued interest using 1/2 month.) Date Account Titles and Explanation Debit Aug. 31, 2019 FV-NI Investments 104500 Interest Receivable 10000 Cash Nov. 1, 2019 Cash 12000 ILLULL Interest Receivable Interest Income Dec. 31, 2019 Interest Receivable 2000 Interest Income (To accrue interest) | Dec. 31, 2019 | Unrealized Gain or Loss 800 100 | FV-NI Investments (To record fair value adjustment) Jan. 15, 2020 Cash - 105900 | Investment Income or Loss Interest Receivable FV-NI Investments - Your answer is partially correct. How many months was the bond held for by Grouper Corp. in 2019? Based on this, how much of the income reported on this bond should be for interest received? Number of months months Interest received $ 4000 X Your answer is incorrect. How much return did Grouper Corp. earn while the bond was held? Overall return earned on bonds $ 4200