On January 1, 2021, Mamood Ltd. paid $322,744.44 for 12% bonds of Variation Ltd. with a maturity value of $300,000. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2021, mature on January 1, 2026, and pay interest each December 31. Mamood acquired the bond investment as part of its portfolio of trading securities and it accounts for the bonds at FV-NI, following IFRS. At December 31, 2021, Mamoods year end, the bonds had a fair value of $320,700. During 2022, the economic outlook related to Variations primary business took a major downturn, so that Variations debt was downgraded. By the end of 2022, the bonds were priced at 85.5, and at December 31, 2023, they were selling in the market at 87. Conditions reversed in 2024 and the outlook for Variation significantly improved, leaving its bonds with a fair value of 99.5 at December 31, 2024. Prepare all entries required for 2022, including recognition of the impairment in value if necessary, and for 2023. Prepare all entries required for 2024, including recognition of the recovery of the impairment in value, if necessary