The following information relates to the debt investments of Wildcat Inc. during a recent year: 1. On February 1, the company purchased Gibbons Corp. 10\% bonds with a face value of $300,000 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. 3. On June 15, Sampson Inc. 9% bonds were purchased. The $200,000 par-value bonds were purchased at 100 plus accrued interest. Interest dates are June 1 and December 1 . 4. On August 31, Gibbons bonds with a par value of $60,000 purchased on February 1 were sold at 99 plus accrued interest. 5. On October 1, semi-annual interest was received on the remaining Gibbons bonds. 6. On December 1, semi-annual interest was received on the Sampson bonds. 7. On December 31, the fair values of the bonds purchased on February 1 and June 15 were 98.5 and 101, respectively. when investments are accounted for at FV-NI. Feb. 1 FV-NI Investments 300000 Interest Receivable Cash Apr. 1 Cash 15000 Interest Receivable 10000 Investment Income or Loss Jun. 15 FV-NI Investments 200000 Interest Receivable 750 200750 \begin{tabular}{|l|} \hline 59400 \\ \hline \end{tabular} Loss on Disposal of Investments FV-NI \begin{tabular}{|l||} \hline 3100 \\ \hline \end{tabular} Investment Income or Loss 2500 FV-NI Investments \begin{tabular}{ll} \hline Oct. 1 & Cash \\ \hline \end{tabular} Investment Income or Loss Investment Income or Loss FV-NI Investments 60000 Oct. 1 Cash 12000 Investment Income or Loss 12000 Dec. 1 Cash 10650 Interest Receivable Investment Income or Loss \begin{tabular}{|l|} \hline 9900 \\ \hline \end{tabular} Dec. 31 Interest Receivable 6000 Investment Income or Loss \begin{tabular}{|l|} \hline 6000 \\ \hline \end{tabular} (To accrue interest) Investment Income or Loss 3600 FV-NI Investments (To record fair value adjustment)