Accounting

e to report the bond liability using the Fair Value Option. As a result of changes in the company's risk e, the bond price was 101 on December 31, 2020 and 100 1/2 on December 31, 2021. Below, please find nortization table for Kevin Company's bonds. Cash Int. Exp. Prem. Amort. Carry Value 1/20 158, 325.81 1/20 9 , 000.00 6,333 . 04 2, 666.97 155, 658 . 84 1/21 9 , 000.00 6, 226 .35 2 , 773. 65 152 , 885. 19 1/22 9 , 000.00 6, 114. 81 2, 885 . 19 150 , 000.00 e the required journal entry to mark the bonds to market on December 31, 2020. For full credit, please all work, including the tables you are creating to derive your answer. (4 points)