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 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. 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 Cash 6360 FV-NI Investments Interest Income (To record collection of interest) Dec. 31 FV-NI Investments 3634 Investment in Associate 3634 (To record fair value adjustment)