The following amortization schedule is for Pina Colada Ltd's investment in Spangler Corps $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 $115,438 113.696 $6,360 $4,618 $1,742 Dec. 31, 2019 Dec 31, 2020 Dec. 31, 2021 Dec. 31, 2022 6.360 4,548 1.812 111,884 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: Amortized cost Fair value Dec 31, 2020 $113,696 $112,703 Dec. 31, 2021 $111,884 $116,337 Dec 31, 2022 $109,999 $110,980 Dec. 31, 2023 $108,039 $108,934 Dec. 31, 2024 $106,000 $106,000 Assume that Pina Colada Ltd. follows IFRS and reports interest income separately from other investment income. Prepare the journal entry related to the bonds accounted for using the amortized cost model for 2020. (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.) Debit Credit Date Account Titles and Explanation Dec. 31