Presented below is an amortization schedule related to Spangler Company's 5-year, $100,000 bond with a 7% interest rate and a 5% yield, purchased on December 31, 2016, for $108,660.

The following schedule presents a comparison of the amortized cost and fair value of the bonds at year-end.

Instructions
a. Prepare the journal entry to record the purchase of these bonds on December 31, 2016, assuming the bonds are classified as held-for-collection investments.
b. Prepare the journal entry(ies) related to the held-for-collection bonds for 2017.
c. Prepare the journal entry(ies) related to the held-for-collection bonds for 2019.
d. Prepare the journal entry(ies) to record the purchase of these bonds, assuming they are classified as trading.
e. Prepare the journal entry(ies) related to the bonds for 2017, assuming they are classified: (1) trading, and (2) held-for-collection and selling (HFCS).
f. Prepare the journal entry(ies) related to the trading bonds for 2019.

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Cash Received Interest Revenue Bond Premium Amortization Carrying Amount of Bonds Date $108,660 107,093 105,447 12/31/16 $5,433 12/31/17 $1,567 1,646 1,728 $7,000 12/31/18 5,354 7,000 12/31/19 5,272 7,000 103,719 101,905 5,186 1,814 12/31/20 7,000 12/31/21 5,095 1,905 100,000 7,000 12/31/17 12/31/18 12/31/19 12/31/20 12/31/20 Amortized cost $107,093 $105,447 $103,719 $101,905 $100,000 Fair value 106,500 107,500 105,650 103,000 100,000