Pearl Company loans Sarasota Company $2,110,000 at 6% for 3 years on January 1, 2020. Pearl intends to hold this loan to maturity and has the financial ability to do so. The fair value of the loan at the end of each reporting period is as follows. December 31, 2020 $2,161,000 December 31, 2021 2,130,000 December 31, 2022 2,110,000 Prepare the journal entry(ies) at December 31, 2020, and December 31, 2022, for Pearl related to these bonds, assuming (a) it does not use the fair value option, and (b) it uses the fair value option. Interest is paid on January 1. (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 for the amounts.) No. Date Account Titles and Explanation Debit Credit (a) CC RIE Debit Credit No. Date Account Titles and Explanation 360 COB dragon ball super... Cize Employee Self Ser... * AudioToAudio B Batman - The Dar. What education ... EDUStaff No. Date Account Titles and Explanation Debit Credit (To record interest revenue) (To record fair value adjustment) (To record interest revenue) (To record fair value adjustment) 160 Save for Later Attempts: 0 of 10 used Submit Answer CDE