On January 1, 2023, Liu Corporation paid $254,024 to acquire bonds of Singh Investment Corp with a par value of $252,000. The annual contract rate on the bonds is 7.0% and interest is paid semiannually on June 3. Journal entry worksheet Record the sale of equity investment. Note: Enter debits before credits. Analysis Component: Assume the Allen Corp. shares were sold on January 16, 2024, for $382,000. Calculate the Investment Income or loss and select whether it is unrealized/realized? and December 31. The bonds mature after three years. The market rate of interest was 6.7%. Liu Corporation intends to hold the bonds until maturity. View transaction list Journal entry worksheet 2 3 4 5 6 Record the sale of equity investment. Note: Enter debits before credits. Date General Journal Debit Credit Jan 17, 2023 Record entry Clear entry View general journal Analysis Component: Assume the Allen Corp. shares were sold on January 16, 2024, for $382,000. Calculate the Investment Income or loss and select whether it is unrealized/realized?