Tanner Co. acquired $120,000 of 6% bonds, dated July 1. on July 1, 2021 by paying $100,000. Tanner is holding the bonds in its trading portfolio. The market interest rate lyield) was 8% for bonds of similar risk and maturity. Tanner will receive interest semiannually on June 30 and December 31. The fair value of the bonds on December 31, 2021 was $105,000 Tanner decided to sell the investment on January 2, 2022 for $95.000. Identify the following statements that are TRUE. The Journal entry on December 31, 2021 to record the fair value adjustment would include a debit to Fair Value Adjustment of $4,600, The journal entry on December 31, 2021 to record interest includes a credit to Interest Revenue of $4.000 and a debit to Discount on Bond Investment of $400. The journal entry on January 2, 2022 to update the fair value adjustment would include a credit to Gain on Investments (Realized, Other Comprehensive Income). The journal entry on January 2, 2022 to update the fair value adjustment would include a debit to Fair Value Adjustment. January 1, 2021. Mest Co. granted restricted stock units (RSU) representing 200,000 of its $1 par common shares to executives, subject to forfeiture if employment is terminated within four years. After the recipients of the RSUS satisfy the vesting requirements, Mest will distribute the shares. The common shares had a market value of $10 per share on the grant date. Mest chooses the option to account for the forfeitures when they actually occur. On January 1, 2022, 10% of the RSUS are forfeited due to executive turnover. Identify the following statements that are TRUE regarding Mest's accounting for the restricted stock units No journal entry is made on January 1, 2021. The journal entry made on December 31, 2021 would include a debit to Compensation Expense for $500,000 and a credit to Paid-in Capital - Restricted Stock for $500,000. The journal entry made by Mest on December 31, 2022 would include a debit to Compensation Expense for $600,000 and a credit to Paid-in Capital - Restricted Stock for $600,000