Amortization of Alpha investment in Beta debt Face Bond Amount Premium/Discount 400,000379,155 Face Rate Effective Rate 12%13.0% Semi-Annual Date Payment Interest Amortizatic Discount Bond value 12/31/20206/30/202112/31/20216/30/202212/31/20226/30/202312/31/20236/30/202412/31/20246/30/202512/31/20256/30/202612/31/20266/30/202712/31/20276/30/202812/31/20286/30/202912/31/202924,00024,00024,00024,00024,00024,00024,00024,00024,00024,00024,00024,00024,00024,00024,00024,00024,00024,0002464324685247302477724827248812493824999250642513425207252862536925458255532565425762258766436857307778278819389991,0641,1341,2071,2861,3691,4581,5531,6541,7621,876379,1556431,3282,0582,8353,6624,5435,4826,4817,5468,6799,88711,17212,54214,00015,55317,20718,96920,845379,798380,483381,213381,990382,817383,698384,637385,636386,701387,835389,042390,328391,697393,155394,708396,362398,124400,000 1. On January 1, 2020 Beta issues 10 -year, 12% bonds payablewith a par value of $400,000. The bonds are issued at a premiumof $23,900 to yeild the current market interest rate of 11%. A nonaffiliated investor purchases the bonds from Beta. The bonds pay interest on June 30 and December 31 . Both Alpha and Beta amortize the bond premium and discount using the effective interest rate. On December 31, 2020 Alpha purchases the bonds from the nonaffiliated investor for $379,155 when the bonds carrying value on Beta's books is $422,491 resulting in a gain of $43,336 on the constructive retirement of debt. Alpha's purchase price reflects the current market interest rate of 12.992186% when the bonds have 18 payments to maturity. 1. Record the equity entries made by Alpha for 2021 and 2022 . 2. Do the analysis required for the Basic Elimination Entry related to this specific debt. 3. Prepare the analysis and entries required for the worksheet in 2021 and 2022