Sheffield Company, a public company following IFRS, purchased $100,000, 5% five-year bonds of IAA Corporation on January 1, 2024. Interest is payable on July 1 and January 1. The bond is selling at a $104,491 resulting in a bond premium of $4,491. The effective interest rate is 4%. At the year-end of December 31, the fair value of the investment was $102,500. Prepare the appropriate journal entries for the year ending December 31, 2024 assuming that Sheffield Company uses FV-OCI and the effective interest method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Round answers to O decimal places, e.g. 5,125.) Date Account Titles and Explanation (Purchase the bond) (Receipt of interest) Debit Credit (Receipt of interest) (Accrue interest and amortization (effective interest method) at year end) (Remeasurement to fair value at year end)