Kevin Company issued $150,000 of 6% bonds, dated January 1, 2020 and maturing on December 31, 2022. The company will pay interest annually, every December 31 through December 31, 2022. Kevin Company chose to report the bond liability using the Fair Value Option. As a result of changes in the company's risk profile, the bond price was 99 12 on December 31, 2020 and 99 on December 31, 2021. Below, please find an amortization table for Kevin Company's bonds. Cash Int. Exp. Disc. Amort. Date 01/01/20 12/31/20 12/31/21 12/31/22 9,000.00 9,000.00 9,000.00 11,381.47 11,571.99 11,778.14 (2,381.47) (2,571.99) (2,778.14) Carry Value 142,268.40 144,649.87 147,221.86 150,000.00 1. Give the required journal entry to mark the bonds to market on December 31, 2020. For full credit, please show all work, including the tables you are creating to derive your answer. (4 points) 2. Give the required journal entry to mark the bonds to market on December 31, 2021. For full credit, please show all work, including the tables you are creating to derive your answer. (8 points) Kevin Company issued $150,000 of 6% bonds, dated January 1, 2020 and maturing on December 31, 2022. The company will pay interest annually, every December 31 through December 31, 2022. Kevin Company chose to report the bond liability using the Fair Value Option. As a result of changes in the company's risk profile, the bond price was 99 12 on December 31, 2020 and 99 on December 31, 2021. Below, please find an amortization table for Kevin Company's bonds. Cash Int. Exp. Disc. Amort. Date 01/01/20 12/31/20 12/31/21 12/31/22 9,000.00 9,000.00 9,000.00 11,381.47 11,571.99 11,778.14 (2,381.47) (2,571.99) (2,778.14) Carry Value 142,268.40 144,649.87 147,221.86 150,000.00 1. Give the required journal entry to mark the bonds to market on December 31, 2020. For full credit, please show all work, including the tables you are creating to derive your answer. (4 points) 2. Give the required journal entry to mark the bonds to market on December 31, 2021. For full credit, please show all work, including the tables you are creating to derive your answer. (8 points)