Question 15 of 15 7.4 / 10 III Presented below is an amortization schedule related to Buffalo Company's 5-year $190,000 bond with a 6% interest rate and a 4% yield, purchased on December 31, 2018, for $206,918. Cash Received Interest Revenue Bond Premium Amortization Date 12/31/18 12/31/19 12/31/20 12/31/21 12/31/22 12/31/23 $11,400 11,400 11,400 11,400 11,400 $8,277 8,152 8,022 7,887 7.744 $3,123 3.248 3.378 3,513 Carrying Amount of Bonds $206.918 203,795 200,547 197.169 193,656 190,000 3.656 The following schedule presents a comparison of the amortized cost and fair value of the bonds at year-end. Amortized cost Fair value 12/31/19 $203,795 $203,200 12/31/20 $200,547 $202.500 12/31/21 $197.169 $199.000 12/31/22 $193,656 $194,900 12/31/23 $190,000 $190,000 (a) (b) (c) (d) Prepare the journal entry to record the purchase of these bonds on December 31, 2018, assuming the bonds are classified as held-to-maturity securities. Prepare the journal entry related to the held-to-maturity bonds for 2019, Prepare the journal entry related to the held-to-maturity bonds for 2021. 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 2019. Prepare the journal entries related to the available-for-sale bonds for 2021. (e) (6)