On January 1, 2022, Metlock Company purchased 11% bonds, having a maturity value of $274,000 for $295,314.87. The bonds provide the bondholders with a 9% yield. They are dated January 1,2022, and mature January 1, 2027, with interest received on December 31 of each year. Metlock has an active trading strategy for these bonds. The fair value of the bonds at December 31 of each year-end is as follows. (a) Prepare the journal entry at the date of the bond purchase. (b) Prepare the journal entries to record the interest received and recognition of fair value for 2022. (c) Prepare the journal entry to record the recognition of fair value for 2023. (d) Prepare the journal entry to record the recognition of fair value for 2023 assuming Metlock has a strategy of held-forcollection and selling. Unrealized Holding Gain or Loss - Income 2924.2053 Fair Value Adjustment 2924.2053