The following information relates to the debt imvestments of Ayayai Inc. during a recent year:

On February $1,$ the company purchased Gibbons Corp. $10\%$ bonds with a face value of $$222,000$ at $100$ plus

accrued interest. Interest is payable on April $1$ and October $1.$

$2$ On April $1,$ semi$-$annual interest was received on the Gibbons bonds.

On June $15,$ Sampson Inc. $9\%$ bonds were purchased. The $$148,000$ par$-$value bonds were purchased at $100$

plus accrued interest. Interest dates are June $1$ and December $1.$

On August $31,$ Gibbons bonds with a par value of $$44,400$ purchased on February $1$ were sold at $99$ plus

accrued interest.

On October $1,$ semi$-$annual interest was received on the remaining Gibbons bonds.

On December $1,$ semi$-$annual interest was received on the Sampson bonds.

On December $31,$ the fair values of the bonds purchased on February $1$ and June $15$ were $98\mathrm{.}5$ and $101,$

respectively.

Assume the investments are accounted for under the recognition and measurement requirements of IFRS $9$ Financial

Instruments. The company does not record interest income separately from other investment income or loss when

imvestments are accounted for at FV$-$NI$.$

Prepare all journal entries that you consider necessary, including December $31$ year$-$end entries, assuming these

irvestments are accounted for at FV$-$NI$.($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 $0$ for the amounts. Record entries in the order displayed in the problem statement. List all

debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Feb. $1$

FV$-$NI Imvestments

$222000$

Interest Receivable

$]$

$7$

Interest Receivable

FV$-$NI Investments

Interest Receivable

$]$

Cash

Loss on Disposal of Irvestments FV$-$NI

Imvestment Income or Lo$5$s