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JOHNSON HAS THE FOLLOWING DATA REGARDING AN AVAILABLE FOR SALE DEBT INVESTMENT: BOND FACE PURCHASE PRICE PURCHASE DATE STATED INTEREST RATE (PAID 6/30 AND 12/31)

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JOHNSON HAS THE FOLLOWING DATA REGARDING AN AVAILABLE FOR SALE DEBT INVESTMENT: BOND FACE PURCHASE PRICE PURCHASE DATE STATED INTEREST RATE (PAID 6/30 AND 12/31) EFFECTIVE INTEREST RATE TERM FAIR VALUE AT 12/31/2018 FAIR VALUE WHEN SOLD ON 1/5/2019 600,000 637,685 7/1/2018 7% 6% 8 YEARS 630,000 632,500 REQUIRED: WHAT IS THE CARRYING VALUE OF THE INVESTMENT IMMEDIATELY FOLLOWING THE AMORTIZATION OF PREMIUM ON DECEMBER 31ST (PRIOR TO THE ADJUSTMENT TO FAIR VALUE)? (ROUND TO THE NEAREST DOLLAR) 630000 REQUIRED: WHAT IS THE REALIZED LOSS WHEN SOLD ON JANUARY 5TH? (ROUND TO THE NEAREST DOLLAR) REQUIRED: WHAT IS THE COMBINED INCOME STATEMENT ACTIVITY DURING THE LIFE OF THIS INVESTMENT? (ROUND TO THE NEAREST DOLLAR)

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