On January 1, 2021, Dawson Construction sold $800,000 of 6% bonds to Sowell Enterprise. The bonds mature on December 31, 2024 (4 years). For bonds of similar risk and maturity, the market yield was 8%. Interest is paid semiannually on June 30 and December 31 Sowell Enterprise purchased the bonds as an investment and plans to hold the bonds for approximately 2 years, The fair value of the bonds at 12/31/21 was $745,000. Sowell's fiscal year end is December 31 and 2020 was its first year of business. 3. Show or describe exactly and specifically what will appear on the Income Statement of Sowell Enterprise for the year ending 12/31/21. 4. Prepare the journal entries Sowell Enterprise should make on the following dates related to this investment. Assume that the fair value of these bonds is $782,000 at 12/31/22. Show your work 6/30/22 12/31/22