The following amortization schedule is for Pina Colada Ltd's investment in Spangler Corp.'s $106,000, five-year bonds with a 6% interest rate and a 4% yield, which were purchased on December 31, 2019, for $115,438: Cash Received Interest Income Bond Premium Amortized Amortized Cost of Bonds Dec. 31, 2019 $115,438 Dec. 31, 2020 $6,360 $4,618 $1,742 113,696 Dec. 31, 2021 6,360 4,548 1,812 111,884 Dec. 31, 2022 6,360 4,475 1,885 109,999 Dec. 31, 2023 6,360 4,400 1,960 108,039 Dec. 31, 2024 6,360 4,322 2,039 106,000 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 $113,696 $111,884 $109,999 $108,039 $106,000 Fair value $112,703 $116,337 $110,980 $108,934 $ 106,000 Assume that Pina Colada Ltd. follows IFRS and reports interest income separately from other investment income. (a) Prepare the journal entry to record the purchase of these bonds on December 31, 2019, assuming the bonds are accounted for using the amortized cost model. (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 Ofor the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31