On July 1, 2020, Grouper Aggregates Ltd. purchased 6% bonds having a maturity value of $90,000 for $93,227. The bonds provide the bondholders with a 5% yield. The bonds mature four years later, on July 1, 2024, with interest receivable June 30 and December 31 of each year. Grouper uses the effective interest method to allocate unamortized discount or premium. The bonds are accounted for using the FV-OCI model with recycling. Grouper has a calendar year end. The fair value of the bonds at December 31, 2020 and 2021, was $93,079 and $91,962, respectively. Assume fair value adjustments are recorded at year end only. Immediately after collecting interest on December 31, 2021, the bonds were sold for $91,962. Prepare a bond amortization schedule to December 31, 2021. (Round answers to O decimal places, e.g. 5,275.) Date Cash Received July 1, 2020 Dec. 31, 2020 $ June 30, 2021 Dec. 31, 2021 Schedule of Interest Revenue and Bond Premium Amortization Effective-Interest Method Interest Revenue Premium Amortized SA $ $ SA $ Amortized Cost of Bonds 93227 yea automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to O decimal places, e.g. 5,275.) Date Account Titles and Explanation (To record collection of interest) Debit Credit (To record fair value adjustment) (To record collection of interest) (To record collection of interest) Following the three-step approach, prepare the journal the sale of the bond on December 31, the reclassification or realized gair and losses to net income. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Ent for the account titles and enter O for the amounts. Round answers to O decimal places, e.g. 5,275.) Account Titles and Explanation (To record fair value adjustment to date of disposal) (To record disposal of the bond) Debit Credit (To record fair value adjustment to date of disposal) (To record disposal of the bond) (To reclassify accumulated unrealized gains and losses from OCI to net income)