On January 1, 2013, THD Company purchased 12% bonds having a maturity value of Tk. 300,000. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2013, and mature January 1, 2018, with interest receivable December 31 of each year. THD Company uses the effective-interest method to allocate unamortized discount or premium. The securities are classified as available-for-sale. The fair value of the bonds at December 31 of each year-end is as follows. 2013 2014 2017 Tk. 320,500 Tk. 309,000 2015 2016 308,000 310,000 300,000 Required: (a) Prepare the journal entry at the date of the bond purchase. (b) Prepare the journal entries to record the interest received and recognition of fair value for 2013 (c) Prepare the journal entry to record the recognition of fair value for 2014