Brief Exercise 9-4 (Part Level Submission) Pina Colada Corp invested in a three year, $100 tace value 8% bond paying S O 39. At this price, the bcnd will y eld a 12% return. nterestis a a e annually. Your answer is correct. Prepare a bond discount amortization table for Pina Colada Corp., assuming Pina Colada uses the effective interest method required by IFRS. (Round answers to 2 decimal places, e.g. 52.75.) Bond Discount Amortization Table Date Cash Received Interest Income Bond Discount Amortization Amortized Cost of Bond Day 1 90.39 End Year 1 10.83 2.8 03.24 End Year 2 11.19 3.19 96.43 End Year 3 11.57 3.57 100 24 33.61 9.61 Your answer is correct. Prepare journal entries to record the initial investment, receipt of interest, and recognition of interest income in each of the three years, and the maturity of the bond at the end of the third year, (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to 2 decimal places, e.g. 52.75.) DateAccount Titles and Explanation Debit Credit Day 1 Bond Investment at Amortized Cost 90.39 Cash 90.39 End of Year 1 Cash Bond Investment at Amortized Cost Interest Income 10.85 End of Year 2 Cash Bond Investment at Amortized Cost 3.19 Interest Income 11.19 End of Year 3 Cash Bond Investment at Amortized Cost 3.57 Under the above assumption, prepare journal entries to record the initial investment, receipt of interest, and recognition of interest income in each of the three years, and the maturity of the bond at the end of the third year. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 2 decimal places, e.g. 52.75.) Date Account Titles and Explanation Debit Credit Day 1 End of Year 1 End of Year 2 End of Year 3 To record interest) End of Year3 To record interest) (To record proceeds on maturity)