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i have the answers i would like an explanation and calculations for the following questions Use the following ingormation for the next thyee questions. On

i have the answers i would like an explanation and calculations for the following questions

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Use the following ingormation for the next thyee questions. On Jamuary 01, 2017, Delmon, Company acquired Eagle Compary 5%, $20,000 face value bonds, as an investment, at their then fair value of $21,832. The bonds mature on December 31,2031 and pay interest anwually on December 31 . An amortization scheciule and information about the fair value of the bonds at the end of each year is provided below: 11. If the bond investment were accounted for using Amortized Cost, what is the Investment Income for 2018 ? a. 514 b. 645 c. 869 d. 1,000 e. None of the above 12. What is the effective interest rate on this bond investment? a. 10.0% b. 21.8% c. 5.0% d. 6.5% e. 3.0% 13. If the bond investment was accounted for using FVOCI accounting, the gain (loss) for 2018 reported in OCI is a. 645 b. 0 - c. 654 d. (356) e. 356

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