Prepare any adjusting entries required at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) On January 1, 2024, Ivanhoe Ltd., a public company, purchased $540,000 of 5 -year, 5% bonds at par from Bridgeport Corporation. Interest is received semi-annually on July 1 and January 1. Ivanhoe purchased the bonds to earn interest. At December 31 , 2024, the bonds were trading at 103