[in January 1* zozo, Osborn Inc. sold 12% bonds haying a maturity of $300,000 that provides the bondholders with a ma yield. The bands are dated Januaryr 1, Hill] and mature on January 1, 2025 'with interest payable semi-annually on January 1 and July 1 of each year. The oompany follows IFRS and uses the effective interest method. Round calculations to the nearest dollar Instructions 1] Prepare the journal entry at the date of issUe 2] Prepare a schedule of interest expense and bond amortization for 2020 through IDES 3] Prepare the journal entries to record the interest payment and the amortization for mm 4:: Prepare the journal entries to record the interest payment and amortization for EDEZ 5} Assume that all the issued bonds are repurchased on July lst. ME for saazsooo. Prepare the journal entry to record this transaction If Osborn prepares financial statements in accordance with ASPE, can Osborn choose a different method of amortizing any premium or discount on its bonds payable? Explain your