Haseena Limited has invested in a debt instrument, details of which are as follows: 

Face Value of the instrument =100,000 

Premium paid on the investment of the instrument =8000 

Transaction cost paid on the investment of the instrument =5800

        

Coupon rate of the Instrument =12%

Term of the instrument =3 years 

Haseena Limited has a policy to classify investment in debt instrument at Fair Value through P/L. IRR of the Instrument =8.848% whereas Market value of the Instrument at the end of year 1 = 107,000  Required    Prepare The relevant entries for 1st year.