1 In the following two independent cases, the company closes its books on December 31: Tamarisk incsells $1.98 million of 8% bonds on March 1, 2020. The bonds pay interest on September and March 1. The bonds due date is September 1, 2023. The bonds yield 10%. Coronado Ltd, sells $5.90 million of 9% bonds on June 1, 2020. The bonds pay interest on December 1 and June 1. The bonds due date is June 1, 2024. The bonds yield 8%. On October 1, 2021. Coronado buys back $1.18 million worth of bonds for $1.51 million, including accrued interest. 2 For situation 1, use the effective interest method for discount and premium amortization and prepare any necessary amortization tables. (Hint:Refer to Chapter 3 for tips on calculating) (Round answers to decimal places, eg. 5,275.) Schedule of Bond Discount Amortization Effective Interest Method Discount Date Cash Paid Interest Expense Amortized 3/1/20 Carr $ 9/1/20 $ $ 3/1/21 9/1/21 3/1/22 9/1/22 3/1/23 9/1/23 Schedule of Bond Discount Amortization Effective Interest Method Discount Interest Expense Amortized Carrying Amount of Bonds $ $ $