On December 31, 19X1, when the market interest rate is 10 percent, an investor purchases \(\$ 400,000\) of Tepotzlan, Inc., 10 -year, 9.5 -percent bonds at issuance. Determine the cost (present value) of this bond investment, which the investor expects to hold to maturity. Journalize the purchase on December 31, 19X1, the first semiannual interest receipt on June 30, 19X2, and the year-end interest receipt on December 31, 19X2. The investor uses the effective-interest amortization method. Prepare a schedule for amortizing the premium on the bond investment through December 31, 19X2. If necessary, refer to Chapter 16 and its appendix.