Rantzow-Lear Company buys and sells debt securities expecting to earn profits on short-term differences in price, and holds these investments in its trading portfolio. The company's fiscal year ends on December 31. The following selected transactions refating to Rantzow-Lear's trading account occurred during December 2024 and the first week of 2025. Decenber 17, 2024 Purchased 125 Grocers" Supply Corporation bonds at per for \$437, 50e. Decenber 28, 2024 Pecelved interest of $3,000 fron the Grocers' Supply Corporation bonds. December 31,2024 Recorded any necessary adjusting entry relatine to the Grocers' supply forporation bonds. The earket price of. the boed was $4,000 per bond. January 5, 2025 Sold the Grocers' Supply Corparation baeds for $468,750. Rantzow-Lear Company buys and sells debt securities expecting to earn profits on short-term differences in price, and holds these investments in its trading portfolio. The company's fiscal year ends on December 31. The following selected transactions refating to Rantzow-Lear's trading account occurred during December 2024 and the first week of 2025. Decenber 17, 2024 Purchased 125 Grocers" Supply Corporation bonds at per for \$437, 50e. Decenber 28, 2024 Pecelved interest of $3,000 fron the Grocers' Supply Corporation bonds. December 31,2024 Recorded any necessary adjusting entry relatine to the Grocers' supply forporation bonds. The earket price of. the boed was $4,000 per bond. January 5, 2025 Sold the Grocers' Supply Corparation baeds for $468,750