On December $31,2025,$ the Egg Corp. acquired $$300,000$ in $8\%,20-$year bonds in a private sale for $$294,500,$

including brokerage fees. Egg decided to account for these bonds using the "fair value option". These

bonds pay interest semiannually on June $30$ and Dec. $31$ of each year. Because these bonds are not actively

traded in the marketplace, Egg was required to impute the market interest rate on these bonds at the end

of each year, and it imputed the following rates:

Required:

a$.$ Make the necessary December $31,2025$ entry to record the purchase of these bonds.

b$.$ Make all of the necessary entries related to these bonds for the $2026$ calendar year.

c$.$ Make all of the necessary December $31,2027$ entries related to these bonds.