Ivanhoe company purchased on January $1,2025,$ as an available for sale security $,68,000$$ of the $8\%,5$ year bonds of Marx corporation for $$62,845.$which provides an $10\%$ return.

Prepare Ivanhoe's journal entries for $($a$)$ purchase of 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 $$64,600.$Assume effective interest amortization is used.