On January 1,2022. Blue Spruce and Lois Compary purchased 12% bonds with a maturity value of $228,000 for $245,285,99. The bonds provide the bondholders with a 10\% yield. They are dated January 1,2022, and mature on January 1,2027, with interest recelvable on December 31 of each year. Blue Spruce and Lois uses the effective interest method to allocate unamortized discount or premium. The bonds are classified as amortized cost investments. (a) Prepare the journal entry at the date of the bond purchase. PCredit account titles are automatically indented when the amount is entert. Do not indent manually. If no entry is required, select "No Eaty" for the account tities and enter O for the amounts. List debit entry before credit entry. Round anwers to 2 decimal plocest es 5275 . On January 1,2022, Culver and Lois Compary purchased 12% bonds having a maturity value of $252,000 for $271,10556. The bonds provide the bondholders with a 10% yield. They are dated January 1,2022, and mature on January 1, 2027, with interest receivable on December 31 of each year. Culver and Lois Company uses the effective interest method to allocate unamortized discount or premium. The bonds are carried at FV-OCL. The fair value of the bonds at December 31 of eachyear-end is as follows: 20222023$269.000$260,000 (a) Prepare the joumal entries to record the interest received and recognition of fair value for 2022 . (Credit occount titles are outomatically indented when the omount is entered. Do not indent monually, 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 Round onswers to 2 deciniol places, es. 5275 )