On January 1, 2022, Whispering Winds and Lois Company purchased 12% bonds having a maturity value of $342,000 for $367,928.98. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2022, and mature on January 1, 2027, with interest receivable on December 31 of each year. Whispering Winds and Lois Company uses the effective interest method to allocate unamortized discount or premium. The bonds are carried at FV - OCI. The fair value of the bonds at December 31 of each year - end is as follows: 2022, $365, 500 2023, $352, 000Prepare the journal entries to record the recognition of fair value for 2023 and assuming the investment is sold for $352,000 on December 31, 2023, reclassifying any accumulated holding gains or losses to net income. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries. Round answers to 2 decimal places, e.g. 52.75.) Dec. 31 (To adjust to fair value at date of disposal) Dec. 31 [ (To record disposal) Dec. 31 Unrealized Gain or Loss OCI (To reclassify holding loss) Prepare the journal entries to record the recognition of fair value for 2023 and assuming the investment is sold for $352,000 on December 31, 2023, reclassifying any accumulated holding gains or losses to net income. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Round answers to 2 decimal places, e.g. 52.75.) Date Dec. 31 Dec. 31 Dec. 31 Account Titles and Explanation Unrealized Gain or Loss-OCI FV-OCI Investments (To adjust to fair value at date of disposal) Cash FV-OCI Investments (To record disposal) Loss on Disposal of Investments FV-OCI Unrealized Gain or Loss-OCI (To reclassify holding loss) Debit 13500 352000 11681.88 Credit 13500 352000 11681.88