On January 1, 2025, Pharaah Compony purchased 5% bands, having a maturity value of $570,000 for $4a8,969. The bonds provide the bondholders with a 7% yield. They are dated January 1, 2025, and mature January 1, 2035, with interest receivable June 30 and December 31 of each year. Phareah Company uses the effective-interest method to allocate unamortized discourt ar premium. The bands are classifed as available-for-sale. The fair value of the bonds at December 31 af each year-end is as fallows. [a] Prepare the jourral entry at the date of the bond purchase. (b) Prepare the jourral entries to record the interest received and recognition af fair value for 2025. [c) Prepare the jourral entry to record the recogrition of fair value for 2026. (Round answers to 0 decimal places, eg. 2,525. Credit account titles are automatically indented when the amount is entered. Do not indent manualy. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)