Investment in Debt Securities Practice Problem On January 1, 2020, we purchased 6% bonds with a maturity value of $500,000 for $459,444 cash. This provides us with an effective rate of 8%. The bonds are dated January1, 2020, and mature on December 31, 2024. Interest is receivable semi-annually on June 1 and December 31 of each year. We use the effective interest method to allocate unamortized discount or premium. The bonds have a market value of $465,000 on December 31, 2020. The bonds have a market value of $470,000 on December 31, 2021. Instructions: a. Prepare the first five lines of a bond amortization table. b. Prepare all journal entries for 2020 and 2021 assuming we have both the positive intent and ability to hold the bonds until maturity. c. Prepare all journal entries for 2020 and 2021 assuming we plan to sell the bonds in the near term to generate some income on short-term price fluctuations. d. Prepare all journal entries for 2020 and 2021 assuming we do not plan to hold the bonds to maturity and do not plan to sell in the near term.