On January 1, 2020, Oriole Company purchased 12% bonds, having a maturity value of $312,000 for $335,654.22. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 of each year. Oriole Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified as available-for-sale category. The fair value of the bonds at December 31 of each year-end is as follows. 2020 2021 2022 $333,600 2023 $322,000 $312,000 $320,900 2024 $320,000 (a) Prepare the journal entry at the date of the bond purchase. (b) Prepare the journal entries to record the interest revenue and recognition of fair value for 2020. (c) Prepare the journal entry to record the recognition of fair value for 2021. (Round answers to 2 decimal places, e.g. 2,525.25. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Date Account Titles and Explanation (a) Jan. 1, 2020 Debt Investments Cash (b) Dec. 31, 2020 Interest Receivable Debt Investments Interest Revenue (To record interest received) Fair Value Adjustment Unrealized Holding Gain or (To record fair value adjustment) (c) Dec. 31, 2021 Unrealized Holding Gain or Fair Value Adjustment Debit 335,654.22 Credit 335,654.22 37,440 3,874.58 33,565.42