On January 1,2020 , Bridgeport Company purchased $430,000,10% bonds of Aguirre Co. for $398,350. The bonds were purchased to yield 12% interest. Interest is payable semiannually on July 1 and January 1 . The bonds mature on January 1 , 2025. Bridgeport Company uses the effective-interest method to amortize discount or premium. The investment is classified as available for sale (AFS). The fair value of Aguirre bonds is $402,077 on December 31, 2021. The amortized cost (i.e., carrying amount) of the debt investment is $408,854. The fair value adjustment balance on December 31, 2020, is a debit of $3,226. You need to show your steps on how to calculate your answers to get full credit. Rounds your numbers to the closest dollar (For example, $28,134.22 will be $28,134. Required: 1) Prepare the journal entry at the date of the bond purchase on January 1, 2020. 2) Prepare the journal entries to record the interest revenue on July 1 and December 31 of 2020. 3) Prepare the journal entries to record the fair value adjustment on December 31, 2021. 4) On the balance sheet, how much will the debt investment being reported at the end of 2021? Will unrealized gains and losses from AFS investment be included in net ncome? Answer "Yes" or "No