NON-CURRENT LIABILITIES (15%) PART A (10%) Stark Ltd sold IDR 6,200,000, 10%, 10-year bonds on January 1, 2019. The bonds were dated January 1 and paid interest every January 1. Stark Ltd uses the straight-line method to amortize premiums or discounts on its bonds. The bonds were sold at 97. Instructions: 1. Keep a journal to record the issuance of bonds on January 1, 2019 2. Keep a journal to record interest on obligation and amortization in 2019 3. Journalize interest payment on January 1, 2020 4. On January 1, 2021, the company redeems the bonds at 102. Record the settlement of the bonds given that the interest for the previous period has been paid. PART B (5%) Pocotalk Electronics issued a $1,000,000, 5%, 10-year mortgage note on December 31, 2018. The proceeds from the note are to be used in financing a new research la Foratory. The terms of the note provide for annual installment payment, exclusive of real estate taxes and insurance, of $129,504.57. Payments are due on December 31. PART B (5%) Pocotalk Electronics issued a $1,000,000, 5%, 10-year mortgage note on December 31, 2018. The proceeds from the note are to be used in financing a new research laboratory. The terms of the note provide for annual installment payment, exclusive of real estate taxes and and insurance, of $129,504.57. Payments are due on December 31. DATE CASH PAID INTI EXP 31 Dec 18 31 Dec 19 31 Dec 20 Instructions: a. Complete the installment payment using the provided table (3%) b. Prepare the entries for loan payment on December 31, 2019 (2%) DATE CASH PAID INTEREST EXPENSE PRINCIPAL INSTALLMENT BALANCE OF PAYABLE 31 Dec 18 31 Dec 19 31 Dec 20