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Following are the non-strategic investment transactions of Corona Inc.: 2923 Jan. 1 Purchased for $97,798 an 9.0%,$92,009 bond that matures in 26 years from Hanna

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Following are the non-strategic investment transactions of Corona Inc.: 2923 Jan. 1 Purchased for $97,798 an 9.0%,$92,009 bond that matures in 26 years from Hanna Corporation when the narket interest rate. was 8.4X. There was a $50 transaction fee included in the above-noted paynent anount. Interest is paid seniannually beginning June 30, 2023 . The acquisition was nade with intention to hold to naturity. June 30 Received lnterest on the Hanna bond. July 1. Paid $131,925 for a Trust Iac, bond with a par value of $137, 000 and a twenty one-years term, The bond poys interest. quarterly beginning Septeaber 30, 2023 , at the annual rate of 8.8x3, the narket interest rate on the date of purchase was 9.25. There was a 550 transaction fee included in the above-noted paysent anount. Sept. 10 Received interest on the Trust bond. Dec. 31 Fleceived interest on the Hanna and Trust bonds. 31 the fale values of the bonils on this date equalled the fair values. Required: 1. For each of the bond investments, prepare an amortization schedule showing, only 2023 and 2024 , (Round your intermediate ond final answers to the nearest whole dollar amount. Enter all the amounts as positive values.) 2. Prepare the entries to record the transactions described above. (Enter all the amounts as positive values. Do not round intermediate calculations and round your finol answers to the nearest dollar.) Journal entry worksheet Record the purchase of a 26 -years, 9.0%,592,000 bond to be held as a long term investinent. Note: Enter debits before credits: 3. Show how the investments would be reported on Corona's December 31, 2023, balance sheet. (Do not round intermediate calculations and round your final answer to the nearest dollar.)

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