On January 1, 2020, Bubba Sports Inc. purchased a 10 year, 6%, $200,000 bond, that pays interest semi-annually every June 30 and December 31. The market rate of interest for similar bonds is 5% resulting in a purchase price of $215,589. Bubba intends to account for this investment using the amortized cost method and has a June 30 year end. Required: a) Record the purchase of the bonds on January 1, 2020. b) Record the first interest payment received on June 30, 2020. c) What amount will be reported on the June 30, 2020 balance sheet related to this investment