Trading security 12/31/2001 Date of Purchase Security Amount purchase Cost at date of purchase $46,500 plus accrued interest 11/1/2001 Bennett company bond $40,000 The bennet company bond mature on 12/31/2004. The stated interest rate is 9%. Interest is paid on July 1. Fair value information for trading security as of 12/31/2001. Security Fair value Bennett company bond | 101.4% par May 1, 2002 Bennett company bond are sold at 101.09 plus accrued interest. A) Record the sale of Bennett company bond 5/1/2002