On 1 January 20X4, Queen Company purchased $5,400,000 of Sport Corp. 6% bonds, classified an FVOCI-Bonds investment. The bonds pay semi-annual interest each 30 June and 31 December. The market interest rate was 4% on the date of purchase. The bonds mature on 31 December 20X8. (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 Queen Company. (Round time value factor to 5 decimal places. Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.) Price paid 2. Construct a table that shows interest revenue reported by Queen, and the carrying value of the investment, for the first two interest periods. Use the effective-interest method. (Round your answers to the nearest whole dollar amount.) Period Cash Payment 2% Interest Revenue Premium Amortization Bond Carrying Value 0 1 2 3. Queen has a June 30 year-end. On June 30, 20X4, the fair value of the investment was $5,680,000. Prepare the journal entries required on June 30 related to this investment. (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.) View transaction list Journal entry worksheet 1 2 Record the Interest revenue. Note: Enter debits before credits. Date General Journal Debit Credit 30 June 20X4 Recordanta clear antar Vieweneraliumall 3. Queen has a June 30 year-end. On June 30, 20X4, the fair value of the investment was $5,680,000. Prepare the journal entries required on June 30 related to this investment. (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.) View transaction list Journal entry worksheet