Metlock Company, a public company following IFRS, purchased $130,000, 4% five-year bonds of IAA Corporation on January 1, 2024. Interest is payable on July 1 and January 1. The bond is selling at $135,995 resulting in a bond premium of $5,995. The effective interest rate is 3%. At the year-end of December 31, the fair value of the investment was $131,800. Prepare the appropriate journal entries for the year ending December 31, 2024, assuming that Metlock Company uses FV-OCI and the effective interest method. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries. Round answer to 0 decimal places, e.g. 5,125.)

Please show and explain how to get these correct answers.

(Purchase the bond) Credit 135995 135995 FV-oCl Investments (Receipt of interest) December 31 Interest Recelvable 2600 Interest income FV-oCl Investments (Accrue interest and amortization (effective interest method) at year end) Unrealized Galn or Loss - OCI 3067 Fv-oCl Irvestments (Remeasurement to fair value at year end)