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can I get help with this question On December 31 of Year 1, Spruce Corporation purchased as an investment $500,000 of 10-year, 6% bonds. The

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On December 31 of Year 1, Spruce Corporation purchased as an investment $500,000 of 10-year, 6% bonds. The bonds pay interest semi-annually on June 30 and December 31 . The bonds will yield 8% on an annual basis. All amounts are rounded to the nearest dollar. Spruce Corporation intends to hold the bonds to maturity and therefore uses the cost/amortized cost model. Spruce Corporation follows IFRS. Required Complete the following with the details provided above. A. Calculate the purchase price of the bond investment. ( 4 marks) B. Prepare a bond amortization table for the bond. Use Excel, and copy the table into your Word assignment. ( 8 marks) C. Year end is December 31. Prepare all of Spruce Corporation's journal entries related to the bonds for Year 1, Year 2, and Year 3. (8 marks) On December 31 of Year 1, Spruce Corporation purchased as an investment $500,000 of 10-year, 6% bonds. The bonds pay interest semi-annually on June 30 and December 31 . The bonds will yield 8% on an annual basis. All amounts are rounded to the nearest dollar. Spruce Corporation intends to hold the bonds to maturity and therefore uses the cost/amortized cost model. Spruce Corporation follows IFRS. Required Complete the following with the details provided above. A. Calculate the purchase price of the bond investment. ( 4 marks) B. Prepare a bond amortization table for the bond. Use Excel, and copy the table into your Word assignment. ( 8 marks) C. Year end is December 31. Prepare all of Spruce Corporation's journal entries related to the bonds for Year 1, Year 2, and Year 3. (8 marks)

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