II. Assuming Beta categories the investment as Available-for-Sale, prepare the entries necessary to record the receipt of interest and the recognition of income at 12/31/17 and at 12/31/18. The market value of the bonds was $285,000 at 12/31/17 and $290,000 at 12/31/18. On January 1, 2017 Beta Co acquires bonds issued by Delta co. The bonds mature December 31, 2019 and interest is payable annually on December 31. Beta pays $278,384 to acquire $300,000 of 9% bonds. The yield for the bonds is 12% The amortization schedule assuming the effective interest method, round to the nearest dollar for this investment is. 300000 9% 12% Face Face rate yield 1/1/2017 12/31/2017 27,000 12/31/2018 27,000 12/31/2019 27,000 33,406 34,175 35,036 6,406 7,175 8,036 278,384 284,790 291,965 300,001 1. Assuming Beta categories this investment as Held-to-Maturity, prepare the journal entry to record the receipt of interest and amortization at 12/31/2017