Martinez Corp invested in a three-year, $100 face value, 8% bond paying $90.39. At this price, the bond will yield a 12% return Interest is payable annually, Martinez uses the amortized cost model of accounting for investments Your answer is correct Prepare a bond discount amortization table for Martinez, assuming Martinez uses the effective interest method required by IFRS (Round answers to 2 decimal places, eg. 52.75) Bond Discount Amortization Table Cash Received Interest Income Bond Discount Amortization 1085 $ 285 1139 1157 $ Amortized Cost of Bonc 9029 7324 3.19 3643 337 24 3361 sat 100.00 Prepare journal entries to record the initial investment, receipt of interest, and recognition of interest income in each of the three years, and the maturity of the bond at the end of the third year. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Round answers to 2 decimal places, eg. 52.75.) Date Account Titles and Explanation Day 1 Debit Credit End of Year 1 End of Year 2 End of Question 7 of 7 < [To record interest collected) (To record maturity of bond investment eTextbook and Media List of Accounts 216 E E * Your answer incorrect Assuming Martinez applies ASPE and has chosen to use the straight-line method of amortization, determine the amount of discount that is amortized each year. (Round answer to 2 decimal places, eg. 52.75) Straight line discount amortization each year