Swifty Company purchased on January 1, 2020, as an available-for-sale security, $67000 of the 11%, 5-year bonds of Chester Corporation for $62287, which provides an 13% return.

Prepare Swifty's journal entries for (a) the purchase of the investment, (b) the receipt of annual interest and discount amortization, and (c) the year-end fair value adjustment. (Assume a zero balance in the Fair Value Adjustment account.) The bonds have a year-end fair value of $63650. Assume effective-interest amortization is used.