Formula: Subtract; Cell Referencing BE17.4 - Using Excel to Prepare Entries for Debt Investments PROBLEM Hendricks Corporation purchased trading investment bonds at par. Student Work Area Required: Provide input into cells shaded in yellow in this template. Use cell references to the Problem area, with mathematical formulas to calculate any amounts not given. Purchase price of bonds $ 50,000 The following data was provided by Hendricks at December 31. Annual interest received Fair value of the bonds $ 2,000 47,400 Prepare Hendricks' journal entries for: (a) The purchase of the investment (b) The interest received (c) The fair value adjustment Debit Credit A zero balance exists in the Fair Value Adjustment account before the above activity (a) (b) (c)