A11-6 FVOCI-Bond Method-Bond Investment: On 1 June 20X8, Ghana Company purchased $7,000,000 of Monaco Corp. 5.8% bonds, classified as a FVOCI-Bond investment. The bonds pay semi-annual interest each 30 May and 30 November. The market interest rate was 6% on the date of purchase. The bonds mature on 30 May 20X13. Required: 1. Calculate the price paid by Ghana Company. 2. Construct a table that shows interest revenue reported by Ghana, and the carrying value of the investment, for each interest period for four interest periods. Use the effective-interest method. 3. Give entries for 20X8 and for 20X9, including the year-end accrual, based on your calculations in requirement 2. 4. At the year-end, 31 December 20X8 and 31 December 20X9, the fair value of the bonds was $7,240,000 and $6,755,000 respectively. Give the entries to record the changes in fair value