On January $1,2022,$ Sarasota and Lois Company purchased $12\%$ bonds having a maturity value of $$324,000$ for $$348,564\mathrm{.}30.$ The bonds provide the bondholders with a $10\%$ yield. They are dated January $1,2022,$ and mature on January $1,2027,$ with interest receivable on Deecember $31$ of each year. Sarasota and Lois Company uses the effective interest method to allocate unamortized discount or premium. The bonds are carried at FV$-$OCI. The fair value of the bonds at December $31$ of each year$-$end is as follows: $2022$ $$346,000,2023$: $$334,000.$ Prepare the journal entries to record the interest received and recognition of fair value for $2022.$