Hartgraves Company had the following transactions and adjustments related to a bond investment. Assume that when the bond was purchased, management did not intend to sell them in the near future. 2018 Oct. 1 Purchased $500,000 face value of Skyline, Inc's 7% bonds at 97 plus a brokerage commission of $1,000. The bonds pay interest on September 30 and March 31 and mature in 20 years. Hartgraves Company expects to sell the bonds in the near future. Dec. 31 Made the adjusting entry to record interest earned an investment in the Skyline bonds. Dec, 31 Made the adjusting entry to record the current fair value of the Skyline honds. At December 31, 2018, the fair value of the Skyline bonds was $490,000 2019 Mar. 31 Received the semiannual interest payment on investment in the Skyline bonds. Apr. 1 Sold the Skyline bond investment for 1492,300 cash. a. Prepare journal entries to record these transactions. b. Post the journal entries from a to their respective T-accounts. c. Record each of the transactions in the financial statement effects template. Journal Entries T-Accounts Financial statement effects template Income Statement Use negative signs with your answers, when appropriate. Entry the net effect of a transaction in an answer field if it requires more than one entry. Balance Sheet Noncash Contrib. Earned Transaction Cash Asset Asset - Liabilities - Capital Capital Purchase of bond. 0 0 = 0 + 0 0 - 0 Interest earned on bond. 0 + 0 = 0 + 0 Change in fair value of bond. 0 + 0 = 0 + 0 + Receipt of payment on hond D+ 0 + 0 Sale of bond D 0 D+ 0+ 0 Revenues 0 0- 0 0 Expenses - Net income 0 0 = 0 0 = 0 0 D 0 = = D 0- D+ + + 0 =