Part A (1 mark) bonds pay interestly on December 1 The Elective Test Rate for the bonds is 1096 Scotland records the bonds pures FVOCT de invent (Round the rest dollar) Scotland paid S107 SRO - 1296 de fee of ST00.000 on January 1, 2021. The Required: i Prepare the journal entry to record the purchase of the bonds on January 1, 2021 (2 marks) ii. Prepare journal entries to record the interest earned on the bonds for the year 2021 and the cash receipt of annual interest on December 31, 2021 (4 marks) ft. On December 31, 2021, the observed fair value of the bonds is $107,200. Prepare the journal entry to record the fair value adjustment (2 marks) iv. Identify at least two reasons why companies make investments. (2 marks)