On January 1, 2015, Arab Co. purchased $160,000 of 6% bonds for $168,300 (a 5% effective interest rate) as a non-trading investment. Interest is paid on July 1 and January 1 and the bonds mature on January 1, 2020. Instructions (a) Prepare the journal entry on January 1, 2015. (b) The bonds are sold on November 1, 2015 at 105 plus accrued interest. Record amortization and interest revenue on the appropriate dates by the effective-interest method (round to the nearest dollar). Prepare all entries required to properly record the sale (Ctrl)