On January $1,2025,$ Skysang Company purchased $1196$ bonds having a maturity valus of $$314,000$ for $$338,426\mathrm{.}53.$ The bonds

provide the bondhelders with a $9\%6$ yiald. Thay are dated January $1,2025,$ and mature January $1,2030,$ with intersat received on

January $1$ of each year. Skysong Company uses the effactive$-$interest method to allocate unamortized discount or pramium. The bonds

are classifed as available$-$for$-$sale catagory. The fair value of the bonds at December $31$ of each year$-$and is as follove.

$($a$)$ Prepare the journal entry at the date of the bond purchase.

$($b$)$ Prepare the journal entries to record the interest revanue and recognition of fairvalua for $2025.$

$($c$)$ Prepare the journal entry to record the racosnition of fair value for $2026.$

$($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If

no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Round answers to $2$ decimal places, e$\mathrm{.}8.1225\mathrm{.}25.)$