4. On January 1, 2022, Arrow Company purchased, as an investment, bonds with a face value of $500,000 for $562,300 to be classified as available-for-sale. The bonds carry a stated annual interest rate of 12% and an effective annual yield of 10%. Interest will be paid on December 31 of each year, and the bonds mature on December 31, 2031. Fair value of the bond investment on 12/31/2022 is $561,000. Required (20 points): a. Prepare an amortization schedule for 2022, 2023, and 2024 using the effective interest method. b. Prepare the journal entries to record the purchase of the bonds, the interest receipts, and fair value adjustment (if needed) for 2022.