The following amortization schedule is for Blue Spruce Ltd's investment in Spangler Corp's $102,000, five-year bonds with a 9% interest rate and a 7% yield, which were purchased on December 31, 2019, for $110,364: Cash Received Interest Income Bond Premium Amortized Amortized Cost of Bonds Dec. 31, 2019 $110,364 Dec. 31, 2020 $9,180 $7,725 $1,455 108,909 Dec. 31, 2021 9,180 7,624 1,556 107,353 Dec. 31, 2022 9,180 7,515 1,665 105,688 Dec. 31, 2023 9,180 7,398 1,782 103,906 Dec. 31, 2024 9,180 7,273 1,906 102,000 The following schedule presents a comparison of the amortized cost and fair value of the bonds at year end: Dec. 31, 2020 Dec. 31, 2021 Dec. 31, 2022 Dec. 31, 2023 Dec. 31, 2024 Amortized cost $108,909 $107,353 $105,688 $103,906 $102,000 Fair value $107,916 $109,606 $107,519 $104,401 $102,000 Assume that Blue Spruce Ltd. follows IFRS and reports interest income separately from other investment income. Prepare the journal entry(ies) related to the trading bonds accounted for using the FV-NI model for 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 (To record collection of interest) Dec. 31 (To record fair value adjustment) Prepare the journal entry(ies) related to the bonds accounted for using the FV-NI model for 2023. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 (To record collection of interest) Dec. 31 (To record fair value adjustment)