not indicate completio On January 1, Ralston Corp. Issues $640,000 of 10% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Price Investment Company purchases all of the bonds and classifies them as available-for-sale. Assuming the market interest rate on the issue date is 11%. Price will purchase the bonds for $601759. Required: 1. Complete the first three rows of an amortization table for Price. 2. Record the purchase of the bonds by Price on January 1 and the receipt of the first two semiannual interest payments on June 30 and December 31 3. Assume the fair value of the bonds equals $600,000 on December 31. Record any necessary fair value adjustment. 4. Calculate net income and comprehensive income. Assume the company has sales revenue of $2.470,000 and operating expenses of $1,729,000. Answer is not complete. Required 1 Required 2 Required 3 Required 4 Complete the first three rows of an amortization table for Price. (Round your answers to the nearest whole number.) Cash Interest Amortization Date Amortized Received Revenue of Discount Cost 1/1 S 601,759 6/30 s 32,000 $ 33,097 1,097 12/31 32,000 33,157 1,157 IS Required 2 > 4 of 4 Next