On December 31, 2019, Flounder 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. Dec. 31, 2019 Amortized cost of GT Ltd. bonds $682.099 Dec. 31, 2020 $707,414 Dec. 31, 2021 Dec. 31, 2022 $736,526 $770,000 Fair value at each year end 682,099 701,121 733,436 770.000 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, eg. 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)