A$]$ Evermaster Corporation issued $100,000$ of $8\%$ term bonds on January $1,2015,$ due on January $1,2020,$ with interest payable each July $1$ and January $1.$ The investor, Robinson Company requires an effective interest rate of $10\%.$ Evermaster and Robinson's financial year ends December $31.$

Required:

i$.$ Calculate the price at which the bonds should be sold.

$(3$ marks$)$

ii$.$ Prepare the bond amortization schedule $($table$)$ to July $1,2016.$

$(7$ marks$)($Round to the nearest dollar.$)$

iii. Prepare all required journal entries on behalf of Evermaster Corporation to December $31,$

$(6$ marks$)2015.$

iv$.$ Now, assume Evermast prepares financial statements at the end of February $2015.$ Calculate the accrued interest and prepare the journal entry at February $2015.(3$ marks$)$