C&N Inc. acquires $100,000 of Jackson Corporation 3 % bonds on January 1, 2020. C&N has the ability and intends to hold the bonds until they mature on December 31, 2023. The bonds pay cash interest annually, each December 31. C&N has acquired the bonds when the market interest rate of similar bonds is 3.5%. C&N uses the effective interest method to amortize any discounts or premiums on HTM investments. Required: a. Record the entry to purchase the bond investment on January 1, 2020. b. Prepare an amortization schedule using effective interest method, and record the December 31, 2020, entry for interest earned and discount amortized. c. Report the investment in bonds on the balance sheet on December 31, 2020, and the effects on the 2020 income statement. d. Record the entry at maturity of the bonds on December 31, 2023. e. Assume that instead of holding Jackson bons until December 31, 2023, C&N sells the bonds on January 2, 2023, for $99,720 (due to a significant unforeseen event). Record the entry for the sale on January 2, 2023. f. Prepare an amortization schedule using straight-line method, and record the December 31, 2020, entry for interest earned and discount amortized.