The City received a gift of $2,500,000 from a local resident on April 1, 2020 and signed an agreement that the funds would be invested permanently and that the income would be used to maintain the city cemetery. The following transactions took place during the year ended December 31, 2020. 1. The gift was recorded on April 1. 2. On April 1, 2020, XYZ Company bonds were purchased in the amount of $1,950,000, at par. The bonds carry an annual interest rate of 3 percent, payable semiannually on October 1 and April 1. 3. On October 1, the semiannual interest was received. 4. From October 1 through December 1, payments were made totaling S16,000 to a lawn service. 5. On December 31, an accrual was made for interest (on the XYZ Company bonds purchased). 6. Also, on December 31, a reading of the financial press indicated that XYZ bonds had a fair value of $1,945,000, exclusive of accrued interest. Required: Record the transactions on the books of the Cemetery Perpetual Care Fund. (If no entry is required for a transaction/event, state "No entry.") Transaction No. Accounts Debits Credits 1. 2