HED Rantzow-Lear Company buys and sells debt securities expecting to earn profits on short-term differences in price. The company's fiscal year ends on December 31. The following selected transactions relating to Rantzow-Lear's trading account occurred during December 2018 and the first week of 2019 2018 Dec. 17 Purchased 105 Grocers' Supply Corporation bonds for $367,500. 28 Received interest of $2,200 from the Grocers Supply Corporation bonds. 31 Recorded any necessary adjusting entry relating to the Grocers' Supply Corporation bonds. The market price of the bonds were $4,000 per bond. 2019 Jan. 5 sold the Grocers' Supply Corporation bonds for $399,eee. Required: 1. Prepare the appropriate journal entry or entries for each transaction (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 Journal entry worksheet 2 3 4 Purchased 105 Grocers' Supply Corporation bonds at par of $367,500. Note: Enter debits before credits. General Journal Debit Credit Date December 17, 2018 Record entry Clear entry View general journal Journal entry worksheet Journal entry worksheet Saved ork Journal entry worksheet Sold the Grocers' Supply Corporation bonds for $399,000. Note: Enter debits before credits. General Journal Debit Credit Date January 05, 2019 Record entry Clear entry View general journal 2. Indicate any amounts that Rantzow-Lear Company would report in its 2018 balance sheet and income statement as a result of this investment Balance Sheet (short-term investment): Income Statement