Brook Ltd. purchased 70 Meissner AG 9%, 10-year, €500 bonds on July 1, 2022, for €70,000. The bonds pay interest annually on July 1. Brook's business model is to hold these bonds to collect contractual cash flows and sell. The market value of the bonds was €70,525 at the end of 2022. On July 1, 2023, after receipt of interest, Brook sold 40 of the bonds for €40,300. (1) Prepare the journal entries at July 1, 2022. (2) Prepare the adjusting entry at December 31, 2022 to show the interest in 2022. (3) Prepare the adjusting entry at December 31, 2022, to report the debt at fair value. (4) Prepare the journal entries at July 1, 2023 for the interest received. (5) Prepare the journal entries at July 1, 2023 for the sold.