On January 1, 2025, Nash Company purchased 12% bonds tiaving a maturity value of $312,000 for $335,654.22. The bonds provide the bondholders witha 1056 yleid They are dated January 1,2025, and mature January 1,2030 , with interest received on January 1 of each year. Nash Company uses the effective interest method to allocate unamortized discount or premium. The bonds are classified as available-for-5sle category. The fair value of the bonds at December 31 of each year-end is as followk. (3) Prebare the purnal entry at the aate of the bond purchase. (b) Prepare the fournal entries to record the interesterefentec and recogoition of far value for 2025 Question 1 of 4 No. Date Account rithes and Explanation