Nautical & Co. owns vast amounts of corporate bonds. Suppose Nautical buys $600,000 of BitterCo bonds at face value on January 2, 2024. The BitterCo bonds pay interest at the annual rate of 5% on June 30 and December 31 and mature on December 31, 2038. Nautical intends to hold the investment until maturity. Read the requirements. Requirement 1. How would the bond investment be classified on Nautical's December 31, 2024, balance sheet? The BitterCo bond investment will be classified as a as of December 31, 2024 i i Requirements X 1. How would the bond investment be classified on Nautical's December 31, 2024, balance sheet? 2. Journalize the following on Nautical's books: a. Receipt of final interest payment on December 31, 2038. b. Disposition of the investment at maturity on December 31, 2038. Print Done