On October 1, Pina Colada Ltd. purchased 9% bonds with a face value of $1,000 for trading purposes, accounting for the investment at FV-NI. The bonds were priced at 1.024 to yield Pina Colada 5%, and pay interest annually each October 1. Pina Colada has a December 31 year end, and at this date, the bonds' fair value was $1,060. Assume Pina Colada applies IFRS. (a) Your answer is correct. Prepare Pina Colada's journal entry for the purchase of the investment. (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 Ofor the amounts.) Account Titles and Explanation Debit Credit FV-NI Investments 1024 Cash 1024 Account Titles and Explanation Debit Credit Interest Receivable 22.5 FV-NI Investments 9.7 Interest Income 12.8 e Textbook and Media List of Accounts Attempts: unlimited (c) Your answer is partially correct. Prepare Pina Colada's journal entry for the year-end fair value adjustment. (Round answers to 2 decimal places, eg. 52.75. 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.) Account Titles and Explanation Debit Credit FV-NI Investments 87 Investment Income or Loss 36