OBJ. 2 Bond investment transactions EE 15-1 p725 PE 15-18 Journalize the entries to record the following selected bond investment transactions for Show Me How Starks Products: a. Purchased for cash $120,000 of Iceline, Inc. 5 % bonds at 100 plus accrued interest of $1,000. b. Received first semiannual interest payment. c. Sold $60,000 of the bonds at 101 plus accrued interest of $500. Instructions Hurricane Inc. purchased a portfolo of available-for-sale securities in 2016, its first vear of operations, The cost and fair value of this portfolio on December 31, 2016, was as follows Total Fair Value Number of Shares Total Cost Name 1 $15.600,00 800,00 $14,000.00 2 Tornado Inc 35,000.00 31,250.00 1,250.00 Tsunami Corp 42.800.00 43870.00 2.14000 4Typhoon Corp. $95400.00 $89120.00 Total