Problems (points)-show all your work (27 points) On July 1, 2022, ADO purchased 8 year, 7%, $100,000 bonds for $113,055. The bonds pay interest each January 1 and July 1. ADO plans to hold the bonds for more than one year, but sell them before they mature. How should this bond investment be classified? Record the purchase of the bonds on July 1, 2022. The purchase price of the bonds implies an annual yield of 5%. Below is a partial amortization table. Further note the following facts: . . The fair value of the bond investment on December 31, 2023 is $112,000. The fair value of the bond investment on December 31, 2022 was $112,500, and it had been appropriately marked-to-market on that date. This is ADO's only investment. Date Int Rept Int Rev July 1, 2022 January 1, 2023 3,500 2,826 July 1, 2023 3,500 2,810 January 1, 2024 3,500 2.792 July 1, 2024 3,500 2,775 Amortization Premium BV 13,055 113,055 674 12,381 112,381 690 11,091 111.601 708 10,983 110.983 725 10,250 110,258 d all necessary journal entries in 2023 (ie, on January 1, July 1, and December 31). 12023