3) On January 1 of the current year the Ashton Company made an investment in bonds with a face amount of $1,500,000. The management of the company intends to hold the bonds to term. Further information includes the following: (20 points) Term is 5 years. Interest is to be paid one time per year. The effective rate is 3% The stated rare is 2%. A) Value the bond. B) Prepare the amortization schedule. (For the investment side). C) Prepare the journal entries for the life of the bond