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E17.8 (L01) (Fair Value Option) Presented below is selected information related to the instruments of Dawson Ltd. at December 31, 2019 (amounts in thousands). This is Dawn year of operations. Carrying Amount 40.000 Debt investments (intent is to hold for collection) 220,000 Bonds payable Fair Value (at December 31 \ 41.000 195.000 Instructions a. Dawson elects to use the fair value option whenever possible. Assuming that Dawsoas e income is 100,000 in 2019 before reporting any financial instrument gains or losses, determine Dawson's net income for 2019. b. Record the journal entry, if any, necessary at December 31, 2019, to record the fair value optiunix the bonds payable