Oriole Company invests $2,740,000 in 6% fixed rate corporate bonds on January 1, 2020. All the bonds are classified as available- for-sale and are purchased at par. At year-end, market interest rates have declined, and the fair value of the bonds is now $2,870,000. Prepare journal entries for Oriole Company to (a) record the change in fair value at 12/31/20, assuming Oriole does not elect the fair value option; (b) record the transactions related to these bonds in 2020, assuming that Oriole Company elects the fair option to account for these bonds. (Credit account titles are automatically indented when 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.) Account Titles and Explanation Debit Credit (a) (b)