P$13-8$ Investments in Trading Securities During $2019,$ Francis Company decided to begin investing its idle cash in

$1013\mathrm{.}3$ marketable securities$.$ The information contained below relates to Francis's $2019$ marketable security transactions:

Apr. $1$ Purchased $$50,000$ face value of Spencer Inc. $12\%$ bonds at par plus accrued interest; interest on the bonds is payable each June $30$ and December $31.$

June $30$ Received the semiannual interest on the Spencer bonds.

Nov. $1$ Purchased $$60,000$ face value of Patterson Company $11\%$ bonds at par plus accrued interest; interest on the bonds is payable each June $1$ and December $1.$

Dec. $1$ Received the interest on the Patterson bonds and sold the bonds for $$61,000.$

$31$ Received the interest on the Spencer bonds. At year$-$end, the market price of the Spencer bonds was $$50,500$

Required:

Record Francis's investment transactions for $2019.$

Show the items of income or loss on the trading investments Francis reports on its $2019$ income statement.

Show the carrying value of Francis's investment account on its December $31,2019,$ balance sheet.