On August 1, 2020, your company purchased $80,000 of 6%, 5 year bonds of Blessed Company for 102. These bonds pay interest annually on July 31. Your company uses STRAIGHT LINE amortization. These bonds had the following market values: December 31, 2020 103 December 31, 2021 101 INSTRUCTIONS: A. Assume you bought the bonds above with the intent of selling them in 2021. Assume further that you did sell the bonds on the open market on August 1, 2021, for 104. Prepare all entries for 2020 and 2021 for the above information, including any adjusting entries on December 31 each year. Show how the entries in "A." above would change your net income in 2020 and in 2021. c. Show how the investment account(s) would be reported on the balance sheet (what section, what account(s) and what amounts) on December 31, 2020 and 2021. B. D. Assume you bought the bonds above with the intent of holding them for more than one year but maybe not all five years. Prepare all entries for 2020 and 2021 for the above information, including any adjusting entries on December 31 each year. Show how the entries in D." above would change your net income in 2020 and in 2021. Show how the investment account(s) would be reported on the balance sheet (what section, what account(s) and what amounts) on December 31, 2020 and 2021. E. F