On 1 January 20X8, Khalil Ltd. purchased $1.200,000 of six year, Harvest Lid. 10.8% bonds. The bonds by 30 June and 31 December. The market interest rate was 12% on the date of purchase. Khall is a comand ASPE and uses straight-line amortization. (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 Khalil Ltd. (Round your time value factors to five decimal places. Do not round your calculations and round the final answer to the nearest whole dollar amount) Price paid 2. Construct a table that shows interest revenue reported by Khalil and the carrying valed the Use the straight-line method. (Do not round your intermediate calculations. Round you were amount.) Bond Carrying Value Amortization Interest Revenue Cash Payment Period 0 2 3 4 & Prev 3. Prepare the entries for the first four interest perlods based on your calculators transaction/event, select "No journal entry required in the first account fold found your amount.) + 3. Prepare the entries for the first four interest periods based on your calculators in requirement 2. to my transaction/event, select "No journal entry required" in the first account field. Round your amount.) View transaction list 0:57:40 Journal entry worksheet