On June $30,$ Year $1,$ Anadyne Technology Corporation purchased the following securities in the open market:

$6\mathrm{.}5\%$ Xenox bonds with a face value of $$300,000$ priced to yield $7\%$ for $$291,626.$ The bonds pay interest

semiannually on June $30$ and December $31.$

$3,000$ shares of Blinx Company common stock for $$12$ per share.

$5\%$$$400,000$ bonds of Woody Corporation for $106$ to yield $4\%.$ The bonds pay interest annually on June $30.$

$200,000$ shares of Gronk Inc common stock for $$4$ per share. These shares represent $30\%$ of the outstanding

stock of Gronk Inc.

The company designated the Xenox bonds as held to maturity, the Blinx Co$.$ stock as trading and the Woody

Corp. bonds as available$-$for$-$sale. Dividends of $$0\mathrm{.}05$ and $$0\mathrm{.}01$ per share are declared and paid annually to

shareholders of record on Dec. $30$ for Blinx and Gronk stocks, respectively $($i$.$e$.,$ shareholders on Dec. $30$ receive

the full amount of the dividends declared$).$

Information relating to the securities for Years $1$ and $2$ follows:

On Dec. $31,$ Year $1,$ the company purchased $100,000$ more shares of Gronk common stock for $$4\mathrm{.}10.$ Gronk's

total common shares outstanding did not change during years $1-2.$

On June $30,$ Year $2,$ the company sold half of the Woody bonds for $105($after receiving interest$).$

On September $30,$ Year $2,$ the company sold $1,500$ shares of Blinx company common stock for $$11\mathrm{.}25$ per share.

REQUIRED: Round all final numbers to the nearest whole dollar.

$1)$ Prepare all entries for Years $1-2.$

$2)$ Determine the impact on income for year $1$ and $2,$ and the total investments balance on the balance sheet as of December $31,$ years $1$ and $2.$