Wildhorse Carecenters Ltd. provides financing and capital to the healthcare industry, with a particular focus on nursing homes for the elderly. The following selected transactions relate to bonds acquired as an investment by Wildhorse, whose fiscal year ends on December 31. 2020 Jan. 1 Purchased at face value HK$1,714,000 of Franco Nursing Centers, 10-year, 5% bonds dated January 1, 2020, directly from Franco. Interest is paid on January 1 of each year. Dec. 31 Accrual of interest at year-end on the Franco bonds. (Assume that all intervening transactions and adjustments have been properly recorded and that the number of bonds owned has not changed from December 31, 2020, to December 31, 2022.) 2023 Jan. 1 Received the annual interest on the Franco bonds. Jan. 1 Dec. 31 Sold HK$857,000 Franco bonds at 103. Accrual of interest at year-end on the Franco bonds.