On March 31, Bramble Corp. invests in a $1,000,6% bond to be held for short-term trading purposes, and accounts for this investment using the FV-NI method. The bond's fair value when acquired was $960, but an additional $10 was paid (and debited to Interest Receivable) representing the interest accrued since the annual interest payment date of February 1. Bramble applies IFRS, and prepares financial statements each December 31. The effective yield on the bond is 6.50%. The fair value of the bond on December 31 is $951 and on February 1, when Bramble sells the bond, it is $948. Bramble Corp. does not use reversing entries. Prepare journal entry to record the purchase of the bond. (Credit account titles are 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 for the amounts.) Date Account Titles and Explanation Debit Credit March 31 Prepare journal entries to record any December 31 adjustments needed. (Round answers to decimal places, eg. 5,275. Credit account titles are 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.) Date Account Titles and Explanation Debit Credit December 31 Interest Receivable FV-NI Investments Interest Income (To record interest) December 31 Investment Income or Loss FV-NI Investments (To record income or loss) Prepare journal entry to record the receipt of interest on February 1. (Credit account titles are 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 for the amounts.) Date Account Titles and Explanation Debit Credit February 1