GBC Corp. bought a $$10,0008\%$ bond from Humber Inc. on January $1,2023,$ paying interst semiannually. It matures on December $31,2025$

Interest rates in the market are currently $10\%$ and it is management's intent to hold this long term investment to maturity

Required

a Calculate the present value of this bond investment

b Prepare an amortization table for the life of this bond

c Prepare the journal entries required to record:

i$)$ the bond purchase

ii$)$ the semi$-$annual intererest payments

iii$)$ The repayment at the end

d Now assume that the bond was acquired as a FV$-$NI investment, under IFRS

The Fair Market Value$($FMV$)$ at the end of each year was:

$2023$ $$9,900$

$2024$ $$9,600$

i$)$ Prepare the journal entries required at the end of

each year to reflect the gain or loss due to the FMV process

using a Tee $($ledger$)$ account to organize your answer.