4 On September 30, 2018 Newtex, Inc, purchased 70% bonds of Meadows Corporation at 99 as a long-term held-to-maturity investment. The maturty value of the bonds will be $40,000 on September 30, 2023 Tho bonds pay interest on March 31 and Soptomber 30 Newtex's fiscal year end is December 31 Read the requirements Requirement 1. What method should Newlox use to account for its investment in the Meadows Corp bonds? method to account for its investment in the Meadows Corp, bonds Newtex should use the til les amortized cost consolidation current market value equity tic Requirements 1. What method should Newtex use to account for its investment in the Meadows Corp bonds? 2. Using the straight-line method of amortizing the discount on bonds, journalize all of Newtex's transactions on the bonds for 2018 3. Show how Newtex would report everything related to the bond investment on its balance sheet at its year-end, December 31, 2018