Question 1 33 pm On January 1, 2020. Caim Company purchased 12% hands, lving any of 51.200,000 for $1.290,978. The bonds provide the bondholders with a 10 yield. They are dated January 1, 2020, and mature January 1, 2005, with interest receive December 31 of each year. Cairo business model is to hold these bonds to collect contractual cash flows Required: (A) Prepare the journal entry at the date of bond purchase (B) Prepare the journal entry to record the interest received and the amorturation for 2000 ( Prepare and entries necessary at December 31, 2030, ssing the fair value option assuming the fair value of the bonds is $1.290,000 For the toolbar.press ALT F10 PCO ALTON-F10 Mac BIUS Paragraph 14