The following information relates to the debt investments of Pina Colada Inc. during a recent year:

On February $1,$ the company purchased Gibbons Corp. $10\%$ bonds with a face value of $$306,000$ at $100$ plus accrued interest. Interest is payable on April $1$ and October $1.$

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

On June $15,$ Sampson Inc. $9\%$ bonds were purchased. The $$204,000$ 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 $$61,200$ 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 investments are accounted for at FVNI.

Prepare all journal entries that you consider necessary, including December $31$ year$-$end entries, assuming these investments 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 entrles in the order displayed in the problem statement. List all debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credit