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Your answer is partially correct. On January 1, 2025, Shetfeld Compary purchased 12% bonds having a maturity value of $312,000 for $335,654.22. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2025, and mature January 1, 2030, with interest received on Jamary 1 of each yoar. Sheffeld Company uses the effective-interest method to allocate unamortized discount or premiun. The boinds are classified as avaliable for-sale category. The fair value of the bonds at December 31 of each year-end is as follows. (a) Prepare the journal entry at the date of the bond purchase. (b) Prepare the journal entries to record the interest revenue and recognition of fair value for 2025 . (c) Prepare the fournal entry to record the recognition of fair value for 2026 . Qist all debit entries before credit entries Credit account tibles are outomoticolly indented when amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the dccount titles and enter O for the amounts. Round answers to 2 decimal ploces, es. 1225.25.)