Instructions Holy Company invests his excess cash in marketable securities. At the beginning of 2019, had the following portfolio of investments in available for sale debt securities: 12/31/18 Fair Value Par Value $10,000 $20,000 Amortized Cost $8.400 Security Igor Company 5% bonds, maturing on Dec 31, 2028 Ozone Company 8% bonds, maturing on Dec 31, 2023 Totals $9.400 23,100 21,700 $31.100 $31,500 During 2019, the following transactions occurred Mar 31 Purchased Union Company 8% bonds with a face value of $10,000 for $10,000 plus accrued interest interest is payable on the bonds each June 30 and December 31 Mar 31 Sold the Orone Company investment for $22.000 plus accrued interest June 30 Received the semiannual interest on the Union Company bonds Dec. 31 Received the annual interest on the Igor Company bonds and the seminarierest on the Union Company bonds The December 31 closing market prices were as follows: Igor Company bonds. 50.000 and Union Company os donds, 510,700, Holy uses the righeane metod to umorntre any discours or promis Required: 1. Prepare journal entries to record the preceding information Check My Work 2 mord Check My Work uses temag Submit Test for Gradine eBook blem - Chapter 13-9 llable-for-Sale Securities Analysis Balance Sheet General Journal Income Statement General Journal PAGE 1 Hol GENERAL JOURNAL DERIT CREDIT POST REF ACCOUNT TITLE Mar 31 Investment in Available for Sale Securities 10,000.00 1 200.00 2 Interest Receivable 10,200.00 3 Mar 31 Cash 22,000.00 5 Investment in Available for Sale Securities 21,700.00 Interest Income 300.00 Jun 30 Cash 400.00 Interest Receivable 200.00 Interest Income 200.00 Dec 31 Cash 900.00 TI The 900.00 Interest Income Dec.31 Unrealised Holding Gain Loss: Available for Sale Securities Investment in Available for Sale Securities 400.00 400.00 Cred My Won Check My Works remaining All work saved MacBook Air General ral Journal Income Statement DEBIT 10,000.0 2 Show what is reported on Holly's 2019 income statement. 200.00 Income Statement Instructions 22,000.00 6 Holly Company Partial Income Statement For the Year Ended December 31, 2019 400.00 1 Interest Income $1,400.00 2. Interest Income 10 1,400.00 900.00 400.00 Investment in Available for Sale Securities My Work 2 more Check My Work uses remaining All work sav MacBoo -allable-for-Sale Securities Balance General Journal Income Statement Ins General Journal Balance Sheet Holly Company Partial Balance Sheet December 31, 2019 1 Current Assets: 2 1 3 Noncurrent Assets: 7 Shareholders' Equity Acumulated Other Comprehensive Income 11 Cred My Work 2 more Check My Works remaining All we Table-for-Sale Securities Income Statement Balance 9 General Journal Charlal Accol General Journal Balance Sheet Analysis 4. What is Holly's unrealized holding gain or loss on avallabie-for-sale securities in 2019? Cred My Work 2 more Chea My Westend All work