Rantzow-Lear Company buys and sells debt securities expecting to earn profiis on short term differences in orice, and holds these Investments in its trading portfolio. The company's fiscal year ends on December 31 The following selected transactions relating to Rantzow-Lear's trading account occurred during December 2021 and the first week of 2022 2921 Dec. 17 Purchased 180 Grocers' Supply Corporation bonds at part for $450.00 28 Received interest of $5,200 from the Grocers Supply Corporation bonds 31 Recorded any necessary adjusting entry relating to the Grocers Supply Corporation bonds. The market price of the bond was $3,000 per bond. 2022 Jan. 5 sold the Grocers' Supply Corporation bonds for $513,000. Required: 1. Prepare the appropriate journal entry or entries for each transaction 2. Indicate any amounts that Rantzow-Lear Company would report in its 2021 balance sheet and income statement as a result of this investment Complete this question by entering your answers in the tabs below. Required 1 Required 2 Indicate any amounts that Rantzow-Lear Company would report in its 2021 balance sheet and income statement as a result of this Investment. Balance Sheet December 31, 2021 Current Assets Income Statement