Entity 5 has the following financial instruments. (i) A debt instrument was purchased on 1 January 2021 at its fair value. It has a face value (redemption value in 5 years' time) of 550,000. It pays interest in arrears for the next 5 years at 6% per year. The effective discount rate is 8% per year. Entity 5 intends to collect the debt interest and principal as the primary objective. Required Show how the debt instrument in (i) should be accounted for in Entity 5's financial statements. Workings are required