Ion January 1, 2022, Cargo Airlines Inc. (CAI) (uses IFRS and has a December 31 year-end) issued $6,000,000 of 5% bonds which pay interest on June 30 and December 31, and mature on December 31, 2028. The market rate of interest for similar bonds at time of issuance was 4% and on December 31, 2022 the market rate of interest for similar bonds was 6%. Scenario 1- Assume that CAI elected to subsequently measure the bonds at amortized cost. Required: 1) Prepare the journal entry to record the issuance of the bonds on January 1, 2022 2) Prepare the journal entry to record the payment of interest on June 30, 2022; 3) Prepare the required journal entry on December 31, 2022. 4) Assume for this part only that CAI repurchased 40% of these bonds in the market on January 2, 2023 at 95 (ie: 95% of their face value). Prepare the required journal entry on this date. Scenario 2- Assume that CAI elected to subsequently measure the bonds at fair value through profit or loss (FVPL) and that they only revalue FVPL obligations at year-end. 1) Prepare the journal entry to record the issuance of the bonds on January 1, 2022: 2) Prepare the journal entry to record the payment of interest on June 30, 2022; 3) Prepare the required journal entry or entries on December 31, 2022