On January 1, 2021, Macaron Ltd. purchased $237,000 of 12%, 10-year bonds at face value (100) with the intention of selling the bonds early the next year. Interest is received semi-annually on July 1 and January 1. At December 31, 2021, which is the company's fiscal year end, the bonds were trading in the market at 95 (this means 95% of maturity value). Your answer is partially correct. Prepare any adjusting entries required at December 31. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Dec. 31 Interest Receivable Interest Income Dec. 31 (To accrue interest income on bonds) (To record unrealized net gain/loss on trading investments) Debit 14220 Credit 14220