1. On October 1, 2022, Champion Inc. purchased newly-issued 5-year bonds. Interest rks is payable semi-annually on April 1 and October 1 of each year. The bonds mature on October 1, 2027. Other information pertaining to this investment follows: $ $ Face value of bond Fair value of bond on December 31, 2022 Coupon rate on bond Effective interest rate on bond 588,000 617,400 8% 7% Champion Inc. sold this bond investment on April 2, 2023 for the following amount: $ 624,900 Assume that Champion Inc. follows IFRS, and uses the effective interest method and the FV-NI method to account for its bond investment. Champion Inc. has a December 31 year end. Required: 1. Calculate the amount at which Champion Inc. purchased its bond investment on October 1, 2022. (2 marks) 2. Prepare an amortization schedule for the bond for the period of October 1, 2022 to October 1, 2024.(2 marks) 3. Prepare any journal entries required on each of the following dates: (a) October 1, 2022 (1 mark) (b) December 31, 2022 (4.5 marks) (c) April 1, 2023 (2 marks) (d) April 2, 2023 (1.5 marks)