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Kevin Company acquired as an investment $150,000 of 6% bonds, dated January 1, 2020 and maturing on December 31, 2022. The bonds were acquired in

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Kevin Company acquired as an investment $150,000 of 6% bonds, dated January 1, 2020 and maturing on December 31, 2022. The bonds were acquired in order to profit from price changes (hint: then what kind of investment is this?). The company will receive interest annually. every December 31 through December 31, 2022. As a result of changing market conditions, the bond price was 101 on December 31, 2020 and MOOV on December 31, 2021. Below, please find an amortization table for Kevin Company's Investment Int. Rev. Prem. Amort. Date Cash 01/01/20 12/3120 9,000.00 12/3121 9,000.00 12/3122 9,000.00 . 6,333.04 6,226.35 6,114.81 2,666.97 2,773.65 2,885.19 Carry Value 158,325.81 155,658.84 152,885,19 150,000.00 1. Give the required journal entry to mark the investment to market on December 31, 2020. For full credit, please show all work, including the tables you are creating to derive your answer. 2. Give the required journal entry to mark the investment to market on December 31, 2021. For full credit, please show all work, including the tables you are creating to derive your

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