on July 1, 2020, Elliot county received a gift of bonds securities of Yugo Corporation with a face value of $1,600,000. Income is to be used to make awards for civic achievements. As of the date of the gift, the securities had a market value of $1,663,000. included in this amount is accrued interest of $18,750. The bonds carried an annual interest rate of 4%, payable semiannually on April 1 and October 1. During the fiscal year ended June 30, 2021. the following transactions took place:

Record these transactions on the books of the Elliot County Private-purpose Trust Fund

1. the gift was received
2. on Oct 1, interest was accrued
3. on April 1, interest was received
4. on April 1, immediately after the receipt of interest, the Yugo bonds were sold for $1,658,000. the proceeds were invested in Cam Company bonds, which pay interest semiannually on April 1 and October 1. The bonds were purchased at par value.
5. on June 30, 2021, accrued interest of $19,475 on the ABC bonds was recognized
6. on June 30, 2021, awards were made in the amount of $60,000
7. As of June 30,2021, the fair value of the Cam bonds was $1,660,000, exclusive of accrued interest.