Please show calculations on incorrect portions.

Edit: It is all a single problem. Information relates to the previous answers and/or given on the image where the error is in. Edit 2: Thank you for the specific comment. Please proceed with the problem as though it was just a typo. No other bonds were sold.

Recording Entries for AFS Debt Securities, Effective Interest Method Adjust FVA at Sale and Year-End On July 1, 2020, West Company purchased for cash, twelve $10,000 bonds of North Corporation to yield 10%. The bonds pay 9% interest, payable on a semiannual basis each July 1 and January 1, and mature on July 1, 2023. The bonds are classified as AFS securities. The annual reporting period ends December 31. Assume the effective interest method of amortization of any discount or premium. Amortization Schedule Journal Entries and FS Presentation for 2020 Journal Entries for 2021 a. Prepare a bond amortization schedule for 2020 and 2021 using the effective interest method. Note: Round each amount to the nearest whole dollar. Use the rounded amount for later calculations in the schedule. Date Stated Market Discount Bond Interest Interest Amortization Amortized Cost July 1, 2020 116,955 Jan 1, 2021 $ 5,400 $ 5,848$ 448 117,403 July 1, 2021 5,400 5,870 470 117,873 X Check b. Record the entry for the purchase of the bonds by West Company on July 1, 2020. c. Record the adjusting entries by West Company on December 31, 2020, to accrue interest revenue and adjust the investment to fair value. The fair value of the bonds at December 31, 2020, was $121,500. Note: List multiple debits or credits (when applicable) in alphabetical order. Note: Round each amount to the nearest whole dollar. Use the rounded amount for later calculations in the schedule. Dr. Cr. Date Account Name July 1, 2020 Investment in AFS Securities b. 116,955 Cash 0 116,955 5,400 448 5,848 c. Dec. 31, 2020 Interest Receivable Investment in AFS Securities Interest Revenue To accrue interest revenue. Dec. 31, 2020 Fair Value Adjustment--AFS Unrealized Gain or Loss-OCI To adjust investment to fair value. 4,098 0 4,098 d. Indicate the effects of this investment on the 2020 income statement and year-end balance sheet. Note: List accounts in alphabetical order. Note: Do not use a negative sign for an account with a normal balance. d. Indicate the effects of this investment on the 2020 income statement and year-end balance sheet. Note: List accounts in alphabetical order. Note: Do not use a negative sign for an account with a normal balance. 2020 Income Statement Other revenues and Gains Interest Revenue Balance Sheet, December 31 Assets $ 5,848 2020 5,400 121,500 X Interest Receivable Investment in AFS Securities Stockholders' Equity Accumulated Other Comprehensive Income $ 4,098 Dr. Cr. e. Record the receipt of interest on January 1, 2021. Date Account Name Jan. 1, 2021 Cash Interest Receivable 5,400 0 07 5,400 f. After the interest receipt on July 1, 2021, three of the bonds were sold for $28,950 cash. (1) Record the receipt of interest on July 1, 2021. (2) Record the entry to adjust the two bonds to fair value (FV-OCI). (3) Record the sale, eliminating the associated Fair Value Adjustment account balance. For simplicity, ignore any fair value adjustments in 2021 related to the six remaining bond: Note: List multiple debits or credits (when applicable) in alphabetical order. Note: Round each amount to the nearest whole dollar. Dr. 5,400 470 Cr. 0 0 0 5,870 0 4,098 X 0 0 OX Date Account Name (1) July 1, 2021 Cash Investment in AFS Securities Interest Revenue To record receipt of interest. (2) July 1, 2021 Unrealized Gain or Loss--OCI Fair Value Adjustment--AFS To adjust to fair value investments to be sold. (3) July 1, 2021 Cash Fair Value Adjustment--AFS Loss on Sale of Investment Investment in AFS Securities Unrealized Gain or Loss--OCI To record sale of investments. 0 28,950 OX 0 OX 0 0 116,955 X 0 OX Recording Entries for AFS Debt Securities, Effective Interest Method Adjust FVA at Sale and Year-End On July 1, 2020, West Company purchased for cash, twelve $10,000 bonds of North Corporation to yield 10%. The bonds pay 9% interest, payable on a semiannual basis each July 1 and January 1, and mature on July 1, 2023. The bonds are classified as AFS securities. The annual reporting period ends December 31. Assume the effective interest method of amortization of any discount or premium. Amortization Schedule Journal Entries and FS Presentation for 2020 Journal Entries for 2021 a. Prepare a bond amortization schedule for 2020 and 2021 using the effective interest method. Note: Round each amount to the nearest whole dollar. Use the rounded amount for later calculations in the schedule. Date Stated Market Discount Bond Interest Interest Amortization Amortized Cost July 1, 2020 116,955 Jan 1, 2021 $ 5,400 $ 5,848$ 448 117,403 July 1, 2021 5,400 5,870 470 117,873 X Check b. Record the entry for the purchase of the bonds by West Company on July 1, 2020. c. Record the adjusting entries by West Company on December 31, 2020, to accrue interest revenue and adjust the investment to fair value. The fair value of the bonds at December 31, 2020, was $121,500. Note: List multiple debits or credits (when applicable) in alphabetical order. Note: Round each amount to the nearest whole dollar. Use the rounded amount for later calculations in the schedule. Dr. Cr. Date Account Name July 1, 2020 Investment in AFS Securities b. 116,955 Cash 0 116,955 5,400 448 5,848 c. Dec. 31, 2020 Interest Receivable Investment in AFS Securities Interest Revenue To accrue interest revenue. Dec. 31, 2020 Fair Value Adjustment--AFS Unrealized Gain or Loss-OCI To adjust investment to fair value. 4,098 0 4,098 d. Indicate the effects of this investment on the 2020 income statement and year-end balance sheet. Note: List accounts in alphabetical order. Note: Do not use a negative sign for an account with a normal balance. d. Indicate the effects of this investment on the 2020 income statement and year-end balance sheet. Note: List accounts in alphabetical order. Note: Do not use a negative sign for an account with a normal balance. 2020 Income Statement Other revenues and Gains Interest Revenue Balance Sheet, December 31 Assets $ 5,848 2020 5,400 121,500 X Interest Receivable Investment in AFS Securities Stockholders' Equity Accumulated Other Comprehensive Income $ 4,098 Dr. Cr. e. Record the receipt of interest on January 1, 2021. Date Account Name Jan. 1, 2021 Cash Interest Receivable 5,400 0 07 5,400 f. After the interest receipt on July 1, 2021, three of the bonds were sold for $28,950 cash. (1) Record the receipt of interest on July 1, 2021. (2) Record the entry to adjust the two bonds to fair value (FV-OCI). (3) Record the sale, eliminating the associated Fair Value Adjustment account balance. For simplicity, ignore any fair value adjustments in 2021 related to the six remaining bond: Note: List multiple debits or credits (when applicable) in alphabetical order. Note: Round each amount to the nearest whole dollar. Dr. 5,400 470 Cr. 0 0 0 5,870 0 4,098 X 0 0 OX Date Account Name (1) July 1, 2021 Cash Investment in AFS Securities Interest Revenue To record receipt of interest. (2) July 1, 2021 Unrealized Gain or Loss--OCI Fair Value Adjustment--AFS To adjust to fair value investments to be sold. (3) July 1, 2021 Cash Fair Value Adjustment--AFS Loss on Sale of Investment Investment in AFS Securities Unrealized Gain or Loss--OCI To record sale of investments. 0 28,950 OX 0 OX 0 0 116,955 X 0 OX