Soto Industries Inc. is an athletic footware company that began operations on January 1, Year 1. The following transactions relate to debt investments acquired by Soto Industries Inc., which has a fiscal year ending on December 31: Year 1 Apr. 1. Purchased $100,000 of Welch Co. 6%, 15-year bonds at their face amount plus accrued interest of $500. The bonds pay interest semiannually on March 1 and September 1 June 1. Purchased $210,000 of Bailey 4%, 10-year bonds at their face amount plus accred interest of $700. The bonds pay interest semiannually on May 1 and November 1. Sept. 1 Received semiannual interest on the Welch Co. bonds. 30. Sold $40,000 of Welch Co. bonds at 97 plus accrued interest of $200. Nov. 1. Received semiannual interest on the Bailey bonds. Dec. 31. Accrued $1,200 interest on the Welch Co. bonds. 31. Accrued $1,400 interest on the Bailey bonds. Year 2 Mar. 1. Received semiannual interest on the Welch Co. bonds. May Received semiannual interest on the Bailey bonds. Instructions 1. Journalize the entries to record these transactions