On January 1,2023 , St Pierre Company purchased $800,000 of 10%,10-year bonds issued by Everard Corp at a price of $709,596. The bonds provide a 12% yield, with interest received on December 31 of each year: Effective igterest method is used and the securities are classified as available-for-sale. The fair values of the securities are $710,500 on 12/31/2023, and $722,300 on 12/31/2024. On June 30,2025 , St Pierre sells the bonds at $723,000 plus accrued interest. Instructions: Prepare journal entries for the following events of St Pierre Company. (a) the purchase of the bonds on 1/1/2023. (b) the interest and fair value recognition on 12/31/2023 and 12/31/2024. (c) the sale of the bonds on 6/30/2025. On January 1,2023 , St Pierre Company purchased $800,000 of 10%,10-year bonds issued by Everard Corp at a price of $709,596. The bonds provide a 12% yield, with interest received on December 31 of each year: Effective igterest method is used and the securities are classified as available-for-sale. The fair values of the securities are $710,500 on 12/31/2023, and $722,300 on 12/31/2024. On June 30,2025 , St Pierre sells the bonds at $723,000 plus accrued interest. Instructions: Prepare journal entries for the following events of St Pierre Company. (a) the purchase of the bonds on 1/1/2023. (b) the interest and fair value recognition on 12/31/2023 and 12/31/2024. (c) the sale of the bonds on 6/30/2025