On January 1, 2021, Nova Construction sold $800,000 of 6% bonds to Django 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 . Django 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. Django's fiscal year end is December 31 and 2020 was its first year of business. 1. Prepare the fair value adjusting entry for Django Enterprise as of 12/31/21. Show your work. 2. Show or describe exactly and specifically what will appear on the Balance Sheet of Django Enterprise as of 12/31/21, related to these bonds. 1. Prepare the fair value adjusting entry for Django Enterprise as of 12/31/21. Show your work. 2. Show or describe exactly and specifically what will appear on the Balance Sheet of Django Enterprise as of 12/31/21, related to these bonds. 3. Show or describe exactly and specifically what will appear on the Income Statement of Django Enterprise for the year ending 12/31/21. 4. Prepare the journal entries Django 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 5. Assume Django sells these bonds on 3/1/23 for $765,100. Prepare all journal entries required on 3/1/23. Show your work. Accrue interest as of 3/1/23 : Adjust to fair value as of 3/1/23 : Reclassification entry as of 3/1/23 : Record the sale of the investment on 3/1/23