on january 1, 2020, nashua company purchased 2,000,000 5% bonds of concord company. the bonds were purchased to yield 4.4%. interest is payable semi-annually on july 1 and january 1. the bonds mature on january 1, 2030. Nashua company uses the effective interest method to amortize the discount or premium. The debt investment is classified as available for sale. The fair value of the bonds on december 31, 2020 and december 31, 2021 was 2,096,241 and 2,039,626 respectively. on january 22, nashua sold the bonds for 2,042,000. Prepare the journal entries for the bonds from date of purchase thruh date of sale.