On $1$ January $20$X$5,$ Franco Ltd$.$ purchased $$450,000$ of Gentron Company $7\mathrm{.}00\%$ bonds. The bonds pay semi$-$annual interest each $30$ June and $31$ December. The market interest rate was $8\%$ on the date of purchase. The bonds mature on $31$ December $20$X$0.$ The company has a $31$ December year$-$end.

$($PV of $$1,$ PVA of $$1,$ and PVAD of $$1.)($Use appropriate factor$($s$)$ from the tables provided.$)$

Required:

$1.$ Calculate the price paid by Franco Ltd$.($Round your intermediate calculations to $2$ decimal places and final answer to the nearest whole dollar amount. Round time value factor to $5$ decimal places.$)$

$2.$ Assume that the bond is classified as an AC investment. Construct a table that shows interest revenue reported by Franco, and the carrying value of the investment, for four interest periods. Use the effective$-$interest method. $($Round your answers to the nearest whole dollar amount.$)$

$3.$ Prepare the entries for the first four interest periods based on your calculations in requirement $2.($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.$)$

$4.$ Assume instead that the bond is classified as a FVTPL investment, and the fair value at the end of $20$X$5$ was $$435,000,$ and was $$444,000$ at the end of $20$X$6.$ Prepare the entries for each interest period in $20$X$5$ and $20$X$6,$ and adjust the bond to fair value at the end of each fiscal year. $($That is$,$ the bond is not adjusted to fair value at each interest payment date, just at the reporting date.$)($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.$)$

$5.$ Show how the bond would be presented on the statement of financial position at the end of $20$X$5$ and $20$X$6,$ if it were $($a$)$ AC and $($b$)$ FVTPL$.($Round your answers to the nearest whole dollar amount.$)$