Bentley Company acquires Joslyn Company debt securities on Januart 1, 2020 for $15,000. Upon acquisition, Bentley Company designates the securities as available for sale. Bentley Company sells the...

Bentley Company acquires Joslyn Company debt securities on Januart 1, 2020 for $15,000. Upon acquisition, Bentley Company designates the securities as available for sale. Bentley Company sells the Joslyn Company debt securities for $20,000 on Febraury 1, 2021. The following table summarizes the fair value of the Joslyn Company debt securities over the holding period.

How should Bentley Company record the:

1. Acquisition of the debt securities


2. Subsequent changes in fair value of the debt securities


3. Disposition of the debt securities?