Problem 3: On June 1, 2020, Kimberly Company paid $80,000 (equivalent to par) to buy available-for-sale debt investments. These investmetns pay interest on November 30 and May 30 at a rate of 6%. On December 31, Kimberly's year end, the bonds had a fair market value of $82,500. Identify the classification of these bonds (trading, held-to-maturity, available-for-sale) and prepare the journal entries to be recorded by Kimberly Company in 2020