On 1 January 20X1, Cheong Inc. purchased a bond with a face value of $175,000, a contractual (or coupon) rate of 5% and a maturity in exactly 7 years. The bond pays interest on 31 December and 30 June. Cheong purchased this bond at a price of $165,116 to yield the then current market rate of 6%. Students please note that, because you are provided this purchase price, you do not require present value tables to answer this question. The fair value of the bond was determined to be $168,000 on 31 December 20X1. Required: Prepare the journal entries required for 20X1 assuming the investment is classified as FVTPL bond. Select from these accounts: Allowance for impairment loss-bonds Brokerage fee expense Cash Gain on sale of investment Holding gain-bonds Holding loss-bonds Impairment loss Interest revenue Investment in bonds - AC Investment in bonds - FVOCI Investment in bonds - FVTPL Investment revenue OCI holding gain - bonds OCI holding loss - bonds