Need partial help on this question for b and c. Please show calculations.

Exercise 17-4 Your answer is partially correct. Try again. On January 1, 2017, Hi and Lois Company purchased 12% bonds, having a maturity value of $300,000, for $322,744.44. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2017, and mature January 1, 2022, with interest received on January 1 of each year. Hi and Lois Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified as available-for-sale category. The fair value of the bonds at December 31 of each year-end is as follows. 2017 $320,500 2020 $309,000 2021 $308,000 $310,000 $300,000 2018 2019 (a) (b) (c) Prepare the journal entry at the date of the bond purchase. Prepare the journal entries to record the interest revenue and recognition of fair value for 2017 Prepare the journal entry to record the recognition of fair value for 2018. (Round answers to 2 decimal places, e.g. 2,525.25. 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. Date Account Titles and Explanation Debit Credit (a) || Jan. 1, 2017 | |Debt Investments 322744.44 Cash 322744.44 (b)T Dec. 31, 2017 # ||Interest Receivable 36000 3725.56 Interest Revenue 32274.44 To record interest received) To record fair value adjustment) (C)Dec. 31, 2018 Unrealized Holding Gain or Loss - Equity Fair Value Adjustment