Sarasota Corp. purchased $306,000 of five-year, 8% Hydrocor bonds at 99 on June 30, 2021. Sarasota Corp. purchased the bonds to earn interest. Interest is paid semi-annually each June 30 and December 31. The semi-annual amortization amount for the first interest period is $253 determined using the effective-interest method. At December 31, 2021, the bonds were trading at 98. Prepare the required journal entries on June 30 and December 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
June 30	Interest ExpenseNo EntryInterest RevenueInterest PayableCashInterest ReceivableInvestment in AssociateInvestments at FVTPLInvestments at Amortized Cost
	Interest PayableInterest RevenueInvestments at Amortized CostInvestment in AssociateInvestments at FVTPLNo EntryInterest ReceivableCashInterest Expense
	(To record purchase of bond investment.)
Dec. 31	CashInvestments at Amortized CostInterest ReceivableInterest RevenueNo EntryInterest ExpenseInterest PayableInvestment in AssociateInvestments at FVTPL
	Interest RevenueInterest ReceivableInvestment in AssociateInterest ExpenseCashInterest PayableInvestments at FVTPLNo EntryInvestments at Amortized Cost
	Investments at Amortized CostCashInterest RevenueInvestments at FVTPLInvestment in AssociateInterest ExpenseInterest ReceivableNo EntryInterest Payable
	(To record collection of interest on bonds.)
Dec. 31	Investment in AssociateInterest RevenueInterest ExpenseNo EntryInterest PayableCashInvestments at FVTPLInterest ReceivableInvestments at Amortized Cost
	Investments at FVTPLInterest ExpenseInterest PayableCashNo EntryInvestment in AssociateInvestments at Amortized CostInterest RevenueInterest Receivable
	(To record fair value adjustment.)