Part II, Problems (Total 25 Marks) Problem 1 (10 Marks) On January 1, 2022, Stardust Company purchased 12% bonds having a maturity value of $366,000 for $393,748.56. The bonds provide the bondholders with a 10% yield. They are dated January 1 2022, and mature on January 1, 2027, with interest receivable on December 31 of each year. Stardust Company uses the effective interest method to allocate unamortized discount or premium. The bonds are carried at FV-OCI. The fair value of the bonds is $391,000 at December 31, 2022 and $377,000 at December 31, 2023. Instructions: a. Prepare the journal entries to record the interest received and recognition of fair value for 2022. Round answers to 2 decimal places. b. Prepare the journal entries to record the recognition of fair value for 2023 and assuming the sale of the investment for $377,000 on December 31, 2023, reclassifying any accumulated holding gains or losses to net income. Round answers to 2 decimal places.