lains cs, and held-to-maturity securities reported? Explain. 22. Explain why reclassification adjustments are necessary. are Bains and locs related to ce anticipated transactions reported? *36. What are hybrid securities? Give an ex Brief Exercises BE17.1 (LO 1) Garfield Company purchased, on January 1, 2020, as a held-to-maturity investment, $80,000 of the 9%, 5-year bonds of Chester Corporation for $74,086, which provides an 11% return. Pre- pare Garfield's journal entries for (a) the purchase of the investment, and (b) the receipt of annual inter- est and discount amortization. Assume effective interest amortization is used. RRY 111 Tlen the information from RR171 ht geenme the hande am Nurhaeadaan sualla