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On January 1, 2025, Cullumber Compony purchased 5% bands, having a maturity value of $540,000 for $463,253. The bonds provide the bandhalders with a 7% yiek. They are dated January 1,2025 , and mature danuary 1, 2035, with interest receivable June 30 and December 31 of each year. Cullumber Campany uses the effective-irterest method to allocate unamortized discount or premium. The bands are classified as available-for-sale. The fair value of the bonds at December 31 af each year-end is as follows. [a] Prepare the jourral entry at the date of the bond purchase (b) Prepare the journal entries to reccord the interest received and recogrition of fair value for 2025. (c) Prepare the jourral entry to record the recognition of fair value for 2026 . (Round answers to 0 decimal places, e. 2,525. Credit account titles are automatically indented when the amount is entered. Do not indent. manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)