Hey! Can you maybe take a look at number c) for the Balance Sheet?

Thanks in advance! :-)

Cullumber Carecenters Inc. provides financing and capital to the healthcare industry, with a particular focus on nursing homes for the elderly. The following selected transactions relate to bonds acquired as an investment by Cullumber, whose fiscal year ends on December 31. 2020 Jan. 1 Purchased at face value $1,597,000 of Javier Nursing Centers, Inc., 10-year, 5% bonds dated January 1, 2017, directly from Javier. Dec. 31 Accrual of interest at year-end on the Javier bonds. (Assume that all intervening transactions and adjustments have been properly recorded and that the number of bonds owned has not changed from December 31, 2020, to December 31, 2022.) 2023 Jan. 1 Received the annual interest on the Javier bonds. Jan. 1 Sold $798,500 Javier bonds at 105. Dec. 31 Accrual of interest at year-end on the Javier bonds. Your Correct Answ Your cart Journalte the listed transactions for the year: 2020 and 2021.(Record entries in the order displayed in the problem statement. Credit account eties are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts. Round answers to u decimal places... 5.275 Date Arenunt Titles and Explanation Debit Credit Jan 1.2020 Dortment 1597000 Cicle Co. 31, 2020 teret Revenue 1,028 Cash 79059 interest Receivable (Tc record the role of annual Interest on Ji bords) Jan 1.2023 50423 Dettements Ganon Sale or Dabei (Torecard the sake of love bords) Dec. 312023 Interest Reche Peres 39923 (b) Your answer is correct. Assume that the fair value of the bonds at December 31, 2020, was $1,756,700. These bonds are classified as available-for-sale securities. Prepare the adjusting entry to record these bonds at fair value. (Credit account titles are automatically indented when 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.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020 Fair Value Adjustment-Available-for-Sale 159700 Unrealized Gain or Loss-Equity 159700 e Textbook and Media List of Accounts Attempts: 2 of 3 used (c) Based on your analysis in part (b), show the balance sheet presentation of the bonds and interest receivable at December 31, 2020. Assume the investments are considered long-term. Indicate where any unrealized gain or loss is reported in the financial statements. (Enter account name only and do not provide descriptive information.) Cullumber Carecenters Inc. Balance Sheet (Partial) December 31, 2020 e $ $