May I please check if my reasoning was correct? Especially the last two - "Bonds year end fair value is determined" and "Loudder sells all bonds" Thank you

Marketable Debt Securities Use the financial statement effects template to record the accounts and amounts for the following four transactions involving investments in marketable debt securities classified as available-for-sale securities. Assume that these transactions occur in 2016 (before the new rules for securities went into effect). a. Loudder Inc. purchases 4,000 bonds with a face value of $1,000 per bond. The bonds are purchased at par for cash and pay interest at a semi-annual rate of 4%. b. Loudder receives semi-annual cash interest of $160,000. c. Year-end fair value of the bonds is $978 per bond. d. Shortly after year-end, Loudder sells all 4,000 bonds for $970 per bond. Use negative signs with answers, if appropriate.

				Balance Sheet								Income Statement
			Noncash				Contrib.		Earned
Transaction	Cash Asset	+	Assets	=	Liabilities	+	Captial	+	Capital		Revenues	-	Expenses	=		Net income
Loudder purchases bonds.	(4,000,000)		4,000,000		Answer		Answer		Answer		Answer		Answer			Answer
Loudder receives cash interest.	160,000		Answer		Answer		Answer		160,000		160,000		Answer			160,000
Bonds year-end fair value is determined.	Answer		(88,000)		Answer		Answer		(88,000)		Answer		88,000			(88,000)
Loudder sells all bonds	3,880,000		(3,912,000)		Answer		Answer		(32,000)		Answer		32,000			(32,000)