Flying Cloud Industries Issues a 3-year beriberies)with a face value of 1,000,000 at a stated rate of 94. The market rate is 7% and the bond pay semiannually on 30 June und 31 Dec. You pay $1,053,285,53 for the bonds Complete the amortization schedule below and use in the subsequent series of questions. asi Rate Payment quo Opep Interest Rev Exp 75,094 RU695.693,309,31 1.049 1923 Date 1/1/2020 6/30/2020 12/31/2020 6/30/2021 31/12/2021 6/30/2022 12/31/2022 the Amortized Cost Bond Amortization (Carrying Value) Fair Value TUD $1,053,285.53 $ 1.053 285.53 1.050,000.00 $ 1,040,000.00 $ 1,030,000.00 $ 1,020,000.00 $ 1,010,000.00 $ 1,000,000.00 los 90.000 totour 11 What is the journal entry for the purchase of the bonds 14. What is the journal entry if required to adjust to market value for the example above on Dec 31, 2020. IF it were an Available For Sale Security? (Answer None if None required) What is the journal entry to document the sale? 15. Assuming 5 days after you make the entry for Question 14 you sell the AFS Security for the $1,057,000 Cash $1,057,000 Oci 3