On December 31, 2019, Ayayai Corp. acquired an investment in GT Ltd. bonds with a nominal interest rate of 10% (received each December 31), and the controller produced the following bond amortization schedule based on an effective rate of approximately 15%. The bonds mature on December 31, 2022. The company prepares financial statements each December 31 following IFRS. Management is in the process of determining whether to hold these bonds for their future cash flows in order to repay debt that is also maturing at the end of 2022, or whether they will hold them for trading purposes. Amortized cost of GT Ltd. bonds Fair value at each year end Dec. 31, 2019 $655,524 655,524 Dec. 31, 2020 Dec. 31, 2021 Dec. 31, 2022 $679,853 $707,831 $740,000 673,560 704,741 740,000 (a) Assume that management determines these bonds will be held until the end of 2022, with the proceeds being used to retire maturing debt. Prepare all journal entries required at December 31, 2019, 2020, 2021, and 2022, including the recognition of interest income and the bonds' ultimate redemption. (Round answer to O decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation 2019 Dec. 31 Debit Credit 2020 Dec. 31 2021 Dec. 31 2022 Dec. 31 Dec. 31 (To record collection of interest) (To record maturity of bond investment)