2. Investment in Bonds - Amortized Cost (8 marks) On January 1, 2023, Fan Corp. acquires $300,000 of Spy Inc. 9% bonds at a price of $278,384. The interest is payable each December 31 , and the bonds mature on December 31,2025 . The investment will provide Fan with a 12% yield. Fan applies IFRS (effective interest method) and accounts for this investment using the amortized cost model. The amortization table is as follows: Required: a) Prepare the journal entries to record i) interest received and interest income on December 31, 2025. and ii) the maturity of the bond on Fan's books. ( 5 marks) a) Prepare the journal entries to record i) interest received and interest income on December 31,2025 , and ii) the maturity of the bond on Fan's books. ( 5 marks) b) Prepare the entry for the disposal of the investment if Fan had sold the bond on December 31,2024 , for $285,270 instead of holding it to maturity. Assume that 2024 interest received and interest income have already been recorded. ( 3 marks)