investments 103 CHECK FIGURE: 3. Dec. 31, 2020 = $196,128 Following are the non-strategic investment transactions of Corona Inc.: 2020 Jan. 1 Purchased for $78,141 an 8%, $75,000 bond that matures in 10 years from Hanna Corporation when the market interest rate was 7.4%. Interest is paid semiannually beginning June 30, 2020. June 30 Received interest on the Hanna bond. July 1 Paid $ 118,047 for a Trust Inc. bond with a par value of $120,000 and a five-year term. The bond pays interest quarterly beginning September 30, 2020, at the annual rate of 7.8%; the market interest rate on the date of purchase was 8.2%. July 1 Paid $118,047 for a Trust Inc. bond with a par value of $120,000 and a five-year term. The bond pays interest quarterly beginning September 30, 2020, at the annual rate of 7.8%; the market interest rate on the date of purchase was 8.2%. Sept. 30 Received interest on the Trust bond. Dec. 31 Received interest on the Hanna and Trust bonds. 31 The fair values of the bonds on this date equalled the fair values. Page 1016 Required 1. For each of the bond investments, prepare an amortization schedule showing only 2020 and 2021. 2. Prepare the entries to record the transactions described above. 3. Show how the investments would be reported on Corona's December 31, 2020, balance sheet