On July 1, 2020, West Company purchased for cash, eight $10,000 bonds of North Corporation to yield 10%. The bonds pay 9% interest, payable on a semiannual basis each July 1 and January 1, and mature on July 1, 2023. The bonds are classified as AFS securities. The annual reporting period ends December 31. Assume the effective interest method of amortization of any discount or premium. Amortization Schedule Journal Entries and FS Presentation for 2020 Journal Entries for 2021 e. 0 0 e. Record the receipt of interest on January 1, 2021. f. After the interest receipt on July 1, 2021, two of the bonds were sold for $19,300 cash. Record the entry for (1) the receipt of interest and (2) the sale of the bond investment. g. On December 31, 2021, the company's year-end, record the entry to eliminate the Fair Value Adjustment balance associated with the two bonds sold. Note: List multiple debits or credits (when applicable) in alphabetical order. Note: Round each amount to the nearest whole dollar. Date Account Name Dr. Cr. Jan. 1, 2021 Cash 3,600 0 Interest Receivable 3,600 f. Jul 1, 2021 Cash 3,600 Investment in AFS Securities 313 Interest Revenue 3,913 To record receipt of interest Jul. 1, 2021 Cash 19,300 0 Loss on Sale of Investment 345 0 Investment in AFS Securities 19,645 To record sale of investment g. Dec 31, 2021 Unrealized Gain or Loss-OCI 3,600 x Fair Value Adjustment--AFS 19,645 X 0 0 0 0 Check