On December 31, 2018, Culver Company purchased $170,000 par of a 7% interest rate and a 4% yield for $192,705. Interest is received yearly on December 31. The effective interest method is used for any premium or discount to be amortized by the investor. The following schedule presents the fair value of the bonds at year-end. 12/31/2019 Fair value $187,900 12/31/2020 $186,300 12/31/2021 $181,400 12/31/2022 12/31/2023 $176,000 $170,000 Required: (11) Prepare the journal entry to record the purchase of these bonds on December 31, 2018, assuming the bonds are classified as held-to-maturity securities. (12) Prepare the journal entry related to the held-to-maturity bonds for 2019. (13) Assuming the bonds are classified as available-for-sale since purchase, prepare the journal entry related to the available-for-sale bonds for 2020. (14) Assuming the bonds are classified as available-for-sale since purchase, prepare the journal entry related to the available-for-sale bonds for 2021. (15) Assuming the bonds are classified as trading securities since purchase, prepare the journal entry related to the trading securities bonds for 2021.