On July 1 of Year 1, 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 in three years on July 1. The bonds are classied as AFS securities. West Companys annual reporting period ends December 31. Assume the eective interest method of amortization of any discount or premium. 1) Adjust the remaining 6/8 of the investment in AFS Bonds to FV assuming the FV is $57,902 at 7/1/Yr2. Provide the journal entry and all supporting computations. 2) What amounts would be reported in the Asset and Stockholder's Equity section of the Balance Sheet (as shown in class) after adjustment on 7/1/Yr2? You must use a proper heading for your partial Balance Sheet. Provide all supporting computations. 3) What amounts AND where would they be reported in the 7/1/Yr 2 Income Statement for both the bonds sold and the remaining bonds? You must use a proper heading for your partial Income Statement. Provide all supporting computations.