In 2021 and 2022, Norman Company had the following transactions related to investments in bonds.2021 Apr. 1 Purchased $400,000 of 8% bonds issued by JS, Inc. at face value. Interest is payable semiannually on September 30 and March 31. June 1Purchased $500,000 of 12% bonds issued by Okla Co. at face value. Interest is payable semiannually on November 30 and May 31. Sept. 30 Received semiannual interest payment from JS, Inc. Nov. 30 Received semiannual interest payment from Okla Co.Dec. 31 Recorded any necessary adjusting entries relating to the investments.

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A: Following is the given information:

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