On January 1, 2019, Rain Technology purchased at par $76,000, 5%, bonds of Lightyear Services Company. The bonds pay interest quarterly on March 31, June 30, September 30, and December 31. Rain Technologys year ends on December 31. The following information applies to the fair value of Lightyear Services bonds:

	Bond Price
12/31/2019	$	74,000
12/31/2020		83,000
12/31/2021		78,000

Rain Technology sold the bonds on July 14, 2022, for $81,000.

Assuming that Rain purchased the bonds as available-for-sale securities, prepare journal entries at the end of each year and on the date of sale. Ignore interest

3. Assuming that Rain purchased the bonds as available-for-sale securities, prepare journal entries at the end of each year and on the date of sale. Ignore interest.

1 Recognize the fair value of investments on December 31, 2019. 2 Recognize the fair value of investments on December 31, 2020. . 3 Recognize the fair value of investments on December 31, 2021. 4 Recognize the fair value of investments on July 14, 2022. 5 Reclassify the net unrealized gain (loss) in Other Comprehensive Income on the sale of investment on July 14, 2022. 6 Record the cash received from the sale of bonds on July