On January 1, 2015 Kelogs Inc. purchased a ten-year bond with a face value of $400,000 with a stated interest rate of 5% that pays interest annually on December 31. When the bond was issued, the market rate was 3%, however the market rate fell to 1% by the end of 2015. By the end of 2016 the market rate had increased to 4%. On July 1, 2017, when the market interest rate had fallen to 1%, Kelogs decided to sell their bond investment. Required If Kelogs uses the FV-NI method, what are the journal entries that they will record on the following dates: January 1, 2015 / December 31, 2015 / December 31, 2016 / July 1, 2017.