The company acquired as a long-term investment $1 million of 6% bonds, on March 1, 2019. Company management has the positive intent and ability to hold the bonds until they mature in 5 years on March 1, 2024. The market interest rate was 8% for the bonds and the company paid $918,891.04 for the bonds. The company will receive interest semiannually on August 31st and February 28th. As a result of changing market conditions, the fair value of the bonds at December 31, 2019 was $1,050,000. Required: a. Prepare the journal entry to record the investment in the bonds on March 1, 2019 Prepare the journal entry to record the interest payment received on August 31, 2019using the effective (market) interest method b. Prepare the adjusting entry (if necessary) for the change in fair value of the bond at December 31, 2019