On January 1, 2020, Nath Corp. acquired $600,000 of Rawji Products Inc. 10% bonds. The interest is payable annually on December 31, and the bonds mature on December 31, 2023. The investment will provide Nath Corp. with an 8% yield. The transaction also required Nath Corp. to pay $3,000 in commissions to the broker. Nath Corp. hopes to make a gain on the bonds as interest rates are expected to fall and therefore accounts for the bonds at fair value with changes in value taken to net income. On March 31, 2022, Nath Corp. sold 50% of the bonds for proceeds of $320,000 plus accrued interest. As a public company, they have chosen to report all types of income (nrealized / holding gains and losses, interest, and dividends) separately. The fair value of the bonds at December 31 of each year end is as follows: December 31, 2020: $635,000 December 31, 2021: $620,000 Required 1: Prepare the journal entry to record the bond purchase on January 1, 2020. (2 marks) Required 2: Prepare all applicable journal entries for the years ended December 31, 2020 and 2021. (6 marks) Required 3: Prepare the journal entry/entries to record the bond sale on March 31, 2022. (4 marks) Round all amounts to the nearest whole dollar (no cents). All calculations must be shown for full marks (space has been provided for this)