Refer to the information in E17-3 and assume that Roosevelt elected the fair value option for this held-for-collection investment. Instructions (a) Prepare any entries necessary at December 31, 2010, assuming the fair value of the bonds is $540,000. (b) Prepare any entries necessary at December 31, 2011, assuming the fair value of the bonds is $525,000. Refer to the information in E17-3 and assume that Roosevelt elected the fair value option for this held-for-collection investment. Instructions (a) Prepare any entries necessary at December 31, 2010, assuming the fair value of the bonds is $540,000. (b) Prepare any entries necessary at December 31, 2011, assuming the fair value of the bonds is $525,000