The following transactions relate to bond investments of Livermore Laboratories. The company$$s fiscal year ends on December $31.$ Livermore uses the straight$-$line method to determine interest.

$2024$

July $1$ Purchased $$29$ million of Bracecourt Corporation $10\%$ debentures, due in $20$ years $($June $30,2044),$ for $$28\mathrm{.}1$ million. Interest is payable on January $1$ and July $1$ of each year.

October $1$ Purchased $$43$ million of $12\%$ Framm Pharmaceuticals debentures, due May $31,2034,$ for $$45,668,000$ plus accrued interest. Interest is payable on June $1$ and December $1$ of each year.

December $1$ Received interest on the Framm bonds.

December $31$ Accrued interest.

$2025$

January $1$ Received interest on the Bracecourt bonds.

June $1$ Received interest on the Framm bonds.

July $1$ Received interest on the Bracecourt bonds.

September $1$ Sold $$21\mathrm{.}5$ million of the Framm bonds at $101$ plus accrued interest.

December $1$ Received interest on the remaining Framm bonds.

December $31$ Accrued interest.

$2026$

January $1$ Received interest on the Bracecourt bonds.

February $28$ Sold the remainder of the Framm bonds at $102$ plus accrued interest.

December $31$ Accrued interest.

Required:

Prepare the appropriate journal entries for these long$-$term bond investments.

By how much will Livermore Labs$$ earnings increase in each of the three years as a result of these investments? $($Ignore income taxes.$)\backslash$table$[[$No$,$Date,General,,Debit,Credit$],[1,$July $01,2024,$Investment in bonds,$2,29,000,000,],[,$Discount on investment in bonds,$2,,900,000],[,$Cash,$2,,28,100,000],[2,$October $01,2024,$Investment in bonds,$(,43,000,000,],[,$Premium on investment in bonds,$2,2,668,000,],[,$Interest receivable,$2,1,720,000,],[,$Cash,$2,,47,388,000],[3,$December $01,202,$Cash,$2,2,580,000,],[,$Premium on investment in bonds,$2,,46,000],[,$Interest receivable,$2,,1,720,000],[,$Interest revenue,$2,,814,000],[4,$December $31,202,$Interest receivable,$2,1,450,000,],[,$Discount on investment in bonds,$2,22,500,],[,$Interest revenue,$2,,1,472,500],[5,$December $31,202.,$Interest receivable,$2,430,000,],[,$Cash,x$,,430,000\backslash$times $],[6,$January $01,2025,$Cash,$\backslash$theta $,1,450,000,],[,$Interest receivable,$2,,1,450,000]]\backslash$table$[[5,$December $31,202,$Interest receivable,$0,430,000,],[,,$Cash,x$,,430,000\backslash$times $],[6,$January $01,2025,$Cash,$0,1,450,000,],[,,$Interest receivable,$\backslash$theta $,,1,450,000],[7,$June $01,2025,$Cash,$0,2,580,000,],[,,$Interest revenue,$\backslash$theta $,,2,580,000$x$],[8,$July $01,2025,$Cash,$0,1,450,000,],[,,$Discount on investment in bonds,$\backslash$theta $,22,500(,],[,,$Interest revenue,$0,,1,472,500],[9,$September $01,202,$Interest receivable,$0,645,000,],[,,$Premium on investment in bonds,$0,,15,000],[,,$Interest revenue,$0,,630,000$ox$],[10,$September $01,202,$Cash,$0,22,360,000,],[,,$Loss on sale of investments,$0,992,500,],[,,$Investment in bonds,O$,,21,500,000],[,,$Premium on investment in bonds,$0,,1,207,500],[,,$Interest receivable,$0,,645,000],[11,$December $01,202$:$,$Cash,Premium on investment in bonds,$\backslash$theta $,,20,000$x$],[,,$Interest receivable,x$,,1,200,000$x$],[,,$Interest revenue,x$,,,70,000]]\backslash$table$[[12,$December $31,202,$Interest receivable,$(,1,450,000,],[,,$Discount on investment in bonds,$(,22,500,],[,,$Interest revenue,$(,,1,472,500],[13,$December $31,202$:$,$Interest receivable,$(,215,000,],[,,$Premium on investment in bonds,$(,,10,000\backslash$times $],[,,$Interest revenue,$2,,205,000\backslash$times $],[14,$January $01,2026,$Cash,$(,1,450,000,],[,,$Interest receivable,$(2),,1,450,000],[15,$February $28,2026,$Interest receivable,$2,430,000,],[,,$Premium on investment in bonds,$2,,10,000\backslash$times $],[,,$Interest revenue,$(,,420,000\backslash$times $],[16,$February $28,2026,$Cash,$(,22,575,000,],[,,$Loss on sale of investments,$2,708,500,],[,,$Investment in bonds,$2,,21,500,000],[,,$Premium on investment in bonds,$(,,1,138,500?],[,,$Interest receivable,V$,,645,000$vv$],[17,$December $31,202,$Interest receivable,$(,1,450,000,],[,,$Discount on investment in bonds,$(,22,500,],[,,$Interest revenue,$(,,1,472,500]]$