Question-3: Meetion Company purchased 600,000 of 8% bonds of Excellent Corporation on January 1, 2014, at a discount, paying 553,668. The bonds mature January 1, 2019 and yield 10%; interest is payable each July 1 and January 1. To apply the fair value approach, 1. Meetion determines that, due to a decrease in interest rates, the fair value of the debt investment increased to 570,000 at December 31, 2014. 2. At December 31, 2015, assume that the fair value of the Excellent debt investment is 564,000. 3. Show the Journal entry for Unrealized Holding Gain or Loss-Income