Brisbane Ltd has acquired government bonds on 1 July 2021. The government bonds will provide the following cash flows: A return of the principal amount of $1,000,000 in 5 years' time. Payments of interest of S100,000 at the end of each of the next 5 years. This means that the coupon rate is 10 percent. These bonds were sold when the market required a rate of return of 5 percent on government bonds with these cash flow characteristics. 1. Determine the initial purchase price of the government bonds on 1 July 2021. (3 marks) Canterbury stitute of Management, Mcave Mirant, North Sydney Now 2000 ta meietary Place, Marsin NY On Australia 2. Provide the accounting journal entries for the government bonds for the year ending 30 June 2022. (4 marks) Date Accounts Debit (5) Credit (S) 3. Discuss the three measurement rules which can be used to measure financial instruments after the initial recognition