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2. On January 1, 2022, ABC company purchased 5% bonds, with a maturity value of $100,000 for $92,562. The bonds provide bondholders with a 6%

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2. On January 1, 2022, ABC company purchased 5% bonds, with a maturity value of $100,000 for $92,562. The bonds provide bondholders with a 6% yield and mature in 10 years. Interest is paid on July 1" and December 31" of each year. The bonds are classified as Available-for-Sale and will be reported using the effective interest method a) Prepare an amortization table for the 15 year of the bond. b) Prepare the journal entry to be made on January 1, 2022 for the purchase of this bond investment. c) Prepare the journal entry to be made on July 1, 2022 for this bond investment. d) Prepare the journal entry to be made on December 31, 2022 for this bond investment e) What is the total bond interest revenue reported on the Income Statement in 2022 for this bond? f) What is the new carrying value or the balance of the Available-for-Sale securities account at December 31, 20222

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