On June 15, 2020, Diaz Inc. purchased $100,000 bonds at par value and elects to account for the bonds using the fair value option. On December 31, 2020, the bonds had a fair value of $104,000. Diaz Inc. sold the bonds on January 21, 2021, for $106,000. a. What is the impact on the income statement in 2020 and 2021 for the transactions described above? b. How would your answer to (a) change if the bonds were instead classified as HTM securities and not ac- counted for using the fair value option?