Journal Entries and Balance Sheet Presentation c. Prepare the journal entry for the purchase of the investment on January 1 of Year 1. d. Prepare the journal entries to record interest received on December 31 of Year 1 and December 31 of Year 2. e. Indicate the carrying value of the Chocolate bonds on Baker's December 31 of Year 2 balance sheet assuming that the fair value of the bonds on December 31 of Year 2 was $33,280