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Monkey Mortgage Inc. engaged in the following non-strategic investment transactions during 2020 2020 Jan, 1 Purchased for $418,836 a 7.5%, $412,000 Jaguar Corp. bond
Monkey Mortgage Inc. engaged in the following non-strategic investment transactions during 2020 2020 Jan, 1 Purchased for $418,836 a 7.5%, $412,000 Jaguar Corp. bond that matures in five years when the market interest rate was 7.1%. Interest is paid semiannually beginning June 30, 2017. Monkey Hortgage Inc. plans to hold this investment until maturity. Mar. May 1 Bought 7,200 shares of Mule Corp., paying $33.70 per share. 7 Received dividends of $2.10 per share on the Mule Corp. shares. June 1 Paid $320,000 for 21,600 shares of Zebra common shares. June 30 Received interest on the Jaguar bond. Aug. 1 Sold the Mule Corp. shares for $33.95 per share. Dec. 31 Received interest on the Jaguar bond. Dec. 31 The fair value of the Zebra shares on this date was $15.00 per share. Assume the fair value of the bonds equalled the carrying value. 2021 Jan. 14 Sold the Zebra shares for $14.00. Required: 1. Prepare an amortization schedule for the Jaguar bond showing only 2020 and 2021. (Enter all the amounts as positive values. Do not round intermediate calculation. Round your final answers to the nearest whole dollar amount.) Period Ending Cash Interest Period Interest Received Income Premium Amort. Unamortized Premium Carrying Value Jan. 1/20 June 30/20
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