The Dandelion corporation acquired as a long-term investment $240,000 of 6% bonds, dated July 1, on July 1, 2023. Dandelion management has the positive intent and ability to hold the bonds until maturity. The market interest rate (yield) was 8% for bonds of similar risk and maturity. The company paid $200,000 for the bonds and will receive interest semiannually on June 30 and December 31. As a result of changing market conditions, the fair value of the bonds at December 31, 2023, was $210,000. The entry for interest expense has not been recorded yet. Prepare the according journal entries and entry on the balance sheet for year end 2023.