Ivanhoe Company purchased, on January $1,2020,$ as an available$-$for$-$sale security, $$81,000$ of the $9\%,5-$year bonds of Chester Corporation for $$75,012,$ which provides an $11\%$ return.

Preparelvanhoe's journal entries for $($a$)$ the purchase of the investment, $($b$)$ the receipt of annual interest and discount amortization, and $($c$)$ the year$-$end fair value adjustment. $($Assume a zero balance in the Fair Value Adjustment account.$)$ The bonds have a year$-$end fair value of $$76,950.$ Assume effective$-$interest amortization is used. $($Round answers to $0$ decimal places, e$.$g$.1,225.$ 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 $0$ for the amounts.$)$

No$.$ Account Titles and Explanation

Debit

Credit

$($a$)$

$($b$)$