On January 1, 2025, Novak Company purchased 12% bonds having a maturity value of $312.000 for $335,654.22. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2025, and mature January 1, 2030, with interest received on January 1 of each year. Novak Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified as available-for-sale category. The fair value of the bonds at December 31 of each year-end is as follows. 2025 $333,600 2028 $322,000 2026 $320,900 2029 $312.000 2027 $320,000 (a) Prepare the journal entry at the date of the bond purchase. (b) Prepare the journal entries to record the interest revenue and recognition of fair value for 2025. (c) Prepare the journal entry to record the recognition of fair value for 2026. (List all debit entries before credit entries. Credit account titles are automatically indented when 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. Round answers to 2 decimal places, eg. 1225.25) Date Account Titles and Explanation 1.2025 Debt Investments Cash ec. 31, 2025 Interest Receivable ec. 31, 2025 ec. 31, 2026 v Debt Investments Debit 335654.22 37440 Interest Revenue (To record interest received) Fair Value Adjustment Unrealized Holding Gain or Loss - Equity (To record fair value adjustment) Unrealized Holding Gain or Loss - Equity Fair Value Adjustment 1820 8437.6 Credit 335654.22 3874.58 33565.42 0000 8437.6