1: [4 marks] Use the following information to answer the questions: I Home electronics company sold 1500 units of its product at $400 each. The company provides a free 4-year warranty (2019,2020,2021,2022) for all products sold. The company estimates that the warranty cost is $85 per unit sold. The actual warranty cost incurred during warranty coverage period, were: 2019: $4000 2020: $8000 2021: $18000 2022: $22000 Instructions: Question The balance of warranty provision (liability) to be reported at 31/12/2020, is: Warranty expense for 2020, is: Answer Question 2: [4 marks] In certain cases, companies issued bonds at discount or at premium, why? You are asked by Chief of Treasury Department who invest heavily on Bonds, if you expect Bull or Bear trend for those who hold old Bonds Portfolios Explain. Answer Question 3: [12 marks] use the following information to answer questions (1-4) On January 1, 2017, HA Co. invested in ISS 7.75% Bonds to yield 9.50%, & with maturity date at January1st, 2021. Interests paid quarterly on (April 1st, July1st, October1st, and January1st). SA company plan to hold the Bonds for collections & Trading. Suppose the company prepares its financial statement each December 31. Following information about the investments of SA Company at December 31,2018 Investment ISS 7.75% Bonds NNN10% Bonds Carrying Fair Value Value ??? $955,000 $785,645 $801,000 $475,000 $390,000 Fair Value Adjustments Balance1/1/2018 $56500 Debit FFF 12% Bonds Total Unrealized Gain(Loss) Question 1- Prepare Amortization Table for the Bonds" Use Excel" 2-Show the required Adjustments at December 31,2018 3-Show the Financial Position & Income Statement at December 31,2018 4-On July 1, 20219 HA Company Sold IS$7.75% Bonds for $981,000, Prepare the appropriate entry