On October $1,$ Qilan Ltd$.$ purchased $7\%$ bonds with a face value of $$1,000$ for trading purposes, accounting for the investment at FV$-$NI$.$ The bonds were priced at $1\mathrm{.}044$ to yield Qilan $6\%$ and pay interest annually each October $1.$ Qilan has a December $31$ year end, and at this date, the bonds' fair value was $$1,055.$ Assuming

Qilan applies IFRS, prepare Qilan's journal entries for $($a$)$ the purchase of the investment, $($b$)$ the December $31$ interest accrual, and $($c$)$ the year$-$end fair value adjustmen Assuming Qilan applies ASPE, uses the effective interest method, and reports interest income separately, prepare Qilan's journal entries for $($d$)$ the December $31$ interest accrual, and $($e$)$ the year$-$end fair value adjustment. Round amounts to two decimal places.