On January 1, 2019, Riverbed and Lois Company purchased 12% bonds having a maturity value of $318,000 for $342,109.40. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2019, and mature on January 1, 2024, with interest receivable on December 31 of each year. Riverbed 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: 2019 $339,500 2020 $328.000 Your answer is partially correct. Prepare the journal entries to record the interest received and recognition of fair value for 2019. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to 2 decimal places, e.g. 52.75.) Debit Credit Date Account Titles and Explanation 38160 Dec. 31 Cash 34,211 FV-OCI Investments 3.949 Interest Income Interest Income 3,949 (To record collection of interest) 5,781 Dec. 31 FV-OCl Investments 5,781 Unrealized Gain or Loss - OCI (To record fair value adjustment) Assistance Used e Textbook and Media List of Accounts Prepare the journal entries to record the recognition of fair value for 2020 and assuming the sale of the investment for $328,000 on December 31, 2020, reclassifying any accumulated holding gains or losses to net income. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to 2 decimal places, e.g. 52.75.) Date Account Titles and Explanation Debit Credit Dec. 31 Unrealized Gain or Loss - OCI 5,781 FV-OCI Investments 5,781 (To adjust to fair value at date of disposal) Dec. 31 Cash 328,000 328,000 FV-OCI Investments (To record disposal) 5.781 Dec. 31 FV-OCl Investments 5,781 Unrealized Gain or Loss - OCI (To reclassify holding loss)