Presented below is an amortization schedule related to Sarasota Company's 5-year, $170,000 bond with a 6% Interest rate and a 4% yield, purchased on December 31, 2015, for $185,137. Cash Received Bond Premium Amortization Interest Revenue Date Carrying Amount of Bonds $10,200 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 10.200 10,200 1 0,200 $7,405 7,294 7.177 7,057 6,930 $2,795 2,906 3,023 3,143 3,270 $185,137 182,342 179,436 176,413 173,270 170,000 The following schedule presents a comparison of the amortized cost and fair value of the bonds at year-end: 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 Amortized cost $182,342 $179,436 $176,413 $173,270 $170,000 Fair value $181,700 $181,600 $178,300 $174,400 $170,000 (a) (b) (c) (d) (e) (1) Prepare the journal entry to record the purchase of these bonds on December 31, 2015, assuming the bonds are classified as held-to-maturity securities. Prepare the journal entry related to the held-to-maturity bonds for 2016. Prepare the journal entry related to the held-to-maturity bonds for 2018. Prepare the journal entry to record the purchase of these bonds, assuming they are classified as available for sale. Prepare the journal entries related to the available for sale bonds for 2016 Prepare the journal entries related to the available for sale bonds for 2018. CALCULATOR ( Dec. 31, 2016 Cash Interest Revenue 7405 Debt Investments bt Investments 2795 (To record interest revenue.) Unrealized Holding Gain or Loss - Equity X .................. Investment Income (To record adjustment.) 642) ( 1 Dec 31, 2018 0 cash 10200 T Interest Revenue T DO 7177 3023 Debt Investments (To record interest revenue.) Unrealized Holding Gain or Loss - Equity 3300 Investment Income 3300