On February 1, 2020, EastCo purchased $60,000,000 in 9% bonds that will mature in 7 years. Management's business model is to sell the investment if market prices rise to a specific price, but will also hold and collect investment income at the present time. For bonds of similar risk and maturity, the market yield was 7%. Interest is received semiannually on July 31 and January 31. Due to changing market conditions, the fair value of the bonds at January 31, 2021, was $54,000,000. EastCo follows IFRS. Answer the following questions. Please make sure your final answer(s) are accurate to the nearest whole number. For simplicity, ignore any tax effects and expected credit losses (ECL) estimated at the time of the investment's acquisition. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan). a) Prepare the journal entry to record EastCo's investment on February 1, 2020.

b) Prepare the journal entry by EastCo to record interest on July 31, 2020.

c) Prepare the journal entry by EastCo to record interest on January 31, 2021.

d) Prepare the adjustment necessary to report EastCo's investment on the January 31, 2021 balance sheet.

e) What amounts will EastCo report for its investment on the January 31, 2021 balance sheet?

Carrying value = Accumulated other comprehensive income (AOCI) =

f) On February 1, 2021, the market price of the investment suddenly increased to 104 (due to a major upgrade in the credit rating of the company) and EastCo sold $30,000,000 worth of the bonds for cash to recover some of the previous investment loss. Record the sales of bonds entry following the same methodology as shown in FVOCI Investment in Debt (with recycling) section in the text for Osterline.