Net sales Estimated cost of goods sold Estimated March ending inventory Question 5 [15 points) XYZ Corporation purchased $60,000 of Courtland Corp. 7% bonds at a price of 103.5 on January 1, 2014. The bonds mature on December 31, 2016.XYZ Corporation 15s the straight-line amortizing any premium or discount on investments in bonds. At December 31, 2014 and 2015, the market value of the bonds is quoted at 103 and 104, respectively. Interestis paid out ea December 31. XYZ Corporation follows ASPE and management accounts for this investment at amortized cost. Show the entry to record the purchase of the bonds, the entry to be made on December 31, 2014, and the entry to be made on December 31, 2015. Enter an appropriate description when transactions in the journal. Dates must be entered in the format dd/ mmm (ie. January 15 would be 15/Jan). Please make sure your final answer(s) are accurate to 2 decimal Places General Journal Page GB Date Account Explanation PR Debit Credit 2014 2015 + Question 6 [25 points] On December 31, 2014, Swan Furnace Cleaners' year-end, the company had the following temporary investments, all of which were acquired on September 1, 2014. NO. of shares 700 750 Investment Cantu Excavating common shares Echo Systems preferred shares Original cost $66 $21 Unit market value on December 31, 2014 $58 $27 2015, Swan Furnace Cleaners completed the following transactions: May 25: Received cash dividends per share: MacBook Air DI CE FY FO 55 80 F3 Fa