On 1 January 20X8, Khalil Ltd. purchased $2,100,000 of six-year, Harvest Ltd. 3.6% bonds. The bonds pay semi-annual interest each 30 June and 31 December. The market interest rate was 4% on the date of purchase. Khalil is a private company that complies with 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 intermediate 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 value of the investment for four interest periods. Use the straight-line method. (Do not round your intermediate calculations. Round your answers to the nearest whole dollar amount.) Period Cash Payment Interest Revenue Amortization Bond Carrying Value 0 1 2 3 4 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.) View transaction list Journal entry worksheet 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.) View transaction list Journal entry worksheet 1 Record the first period revenue. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal >