On January 2, 2023, Billy Cobham Corporation purchased $20,000 bonds with a stated rate of 6% paying $19,000. The effective rate for similar grade bonds was at 7%. Billy Cobham will include these securities under an active trading portfolio. The bonds pay interest semiannually on June 30 and December 31 . The fair value of the bonds at year end on December 31, 2023 was at $19,800. Round answers to the nearest whole number. Required: 1. Provide the journal entry (capture the data!) for Cobham's investment in the bonds on 1/2/2023. 2. Make the journal entries for the June and December interest payments 3. At what amount will Cobham report the securities in 12/31/2023 on its balance sheet? Prepare any necessary entry to achieve this objective. 4. What amounts will be reported, if any, in the income statement? List the items if more than one and by type. 5. How would the statement of cash flows be affected by this investment? 6. On January 10,2024 , Cobham sells the securities at a price of $19,200. Prepare any relevant journal entries to account for the sale of the investment