SOLVE BOTH JOURNAL ENTRIES IN THE IMAGE ATTACHED On $1$ January $20$X$2,$ Speedy Company purchased $$4,800,000$ of Wind Corp. $4\%$ bonds, classified as an FVOCI$-$Bond investment $4,390,550.$

The bonds pay semi$-$annual interest each $30$ June and $31$ December.

The market interest rate was $6\%$ on the date of purchase. The bonds mature on $31$ December $20$X$6.$

At the end of $20$X$2,$ the bonds had a fair value of $$4,700,000.$

IOn $1$ July $20$X$3,$ Speedy sold the bonds for $$4,750,000.$ Prepare the entries for the first year assuming that the investment is classified as FVOCI$-$Bond. $($If no entry is required for a

transaction$/$event$,$ select $"$No journal entry required" in the first account field. Round your answers to the nearest whole dollar

amount.$)$

$*$Red text indicates no response was expected in a cell or a formula$-$based calculation is incorrect; no points deducted. Prepare the entries for the sale of the investment in $203.($If no entry is required for a transaction$/$event$,$ select $"$No journal entry

required" in the first account field. Round your answers to the nearest whole dollar amount.$)$

$*$Red text indicates no response was expected in a cell or a formula$-$based calculation is incorrect; no points deducted.