b) Ivanhoe Co. sold $1,950,000 of 10%,10-year bonds at 104 on January 1,2017 . The bonds were lated January 1, 2017, and pay interest on July 1 and January 1. (1) Use the appropriate function in Microsoft Excel to determine the yield to maturity (i.e., market rate of interest on the issue date). Round to three decimal places. Hint: calculate the selling price first, using the relevant information above. (2) Assuming Ivanhoe uses the effective-interest method to amortize bond premium or discount, prepare an amortization schedule the covers the entire term of the bond. (3) Assuming the fiscal year ends on December 31, determine the amount of interest expense to be reported on the income statement dated July 1, 2017, and the income statement dated December 31, 2021