Use the Following Information to Complete Bellow Problems:
Guavalite Corporation

Use the following information to complete bellow Problems:
Guavalite Corporation purchased the following bonds at par:
$$\begin{array} { | l | c | c | c | c | c | } \hline { \text { Investment } } & \begin{array} { c } \text { Date of } \\\text { Acquisition }\end{array} & \text { Cost } & \begin{array} { c } \text { Fair Value } \\\mathbf { 1 2 / 3 1 / 1 9 }\end{array} & \begin{array} { c } \text { Date } \\\text { Sold }\end{array} & \begin{array} { c } \text { Selling } \\\text { Price }\end{array} \\\hline \text { Donar Company bonds } & 4 / 20 / 19 & \$ 45,000 & \$ 30,000 & 2 / 10 / 20 & \$ 35,000 \\\hline \text { Etlak Corporation bonds } & 8 / 1 / 19 & 25,000 & \mathrm {~N} / \mathrm { A } & 9 / 15 / 19 & 19,000 \\\hline \text { Fren Company bonds } & 9 / 2 / 19 & 20,000 & 24,000 & 1 / 14 / 20 & 21,000 \\\hline\end{array}$$ Ignore the reporting for interest payments. Guavalite's accounting year ends December 31.
-Guavalite Corporation classifies the debt investments as available-for-sale securities. Declines in value are due to changes in market interest rates.
Required
Prepare the journal entries to record the events related to these intercorporate investments.