On July $1,2023,$ Martinez Aggregates Ltd$.$ purchased $7\%$ bonds with a maturity value of $$100,000$ for $$103,510.$ The bonds provide

the bondholders with a $6\%$ yield. The bonds mature four years later, on July $1,2027,$ with interest receivable June $30$ and December

$31$ of each year. Martinez uses the effective interest method to allocate unamortized discount or premium. The bonds are accounted

for using the FV$-$OCI model with recycling. Martinez has a calendar year end. The fair value of the bonds at December $31,2023$ and

$2024,$ was $$103,320$ and $$102,134,$ respectively. Assume fair value adjustments are recorded at year end only. Immediately after

collecting interest on December $31,2024,$ the bonds were sold for $$102,134.$