Presented below is information taken from a bond investment amortization schedule with related fair values provided. These bonds are classified as available for sale Amortized cost Fair value 12/31/20 $448.000 $454000 12/31/21 $530,800 $519,400 12/31/22 $568.000 $568.000 (a) Indicate whether the bonds were purchased at a discount or at a premium [b] Prepare tive adjusting entry to record the bonds at fair value at December 31, 2020. The Fair Value Adjustment account has a debitbalance of 51.100 prior to adjustment Prepare the adjusting entry to record the bonds at fair value at December 31, 2021. ic (Credit account titles are automatically indented when amount is entered. Do not inderit manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) No. Account Titles and Explanation Date Doc Debit Credit (Credit account tities are automatically indented when amount is entered. Do not indent manually. Il no entry is required, select No Entry for the account titles and enter for the amounts.) No. Date Account Titles and Explanation Debit Credit Dec (b) 31 2020 Dec (c) 31 2021