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Exercise 12-26 (Algo) Fair value option; available-for-sale investments [LO12-2, 12-3, 12-8] Colah Company purchased $2,700,0X 1 Record the purchase of the Jackson bonds on July 1. 2 Record interest revenue for the last half of 2021. 3 Record the entRequired 1 Required 2 Complete the following table to show the effect of the Jackson bonds on o and comprehensive income for

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1) Colahs are as journal entries follows: for the transactions Date Account d own -bebit($) Credit (8) (a) Available for sal2) particular 2021 2022 8 total (6) Net Income 67,500 $270,000)+67,500 (35000) OCI 370,000 370,000 comprehensive Income 43750

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