On 1 January 20Z1, XRaiser issues at par bonds with total face value of CU 500 000, annual coupon of 4% of the nominal amount (CU 500 000) at the end of each year and 5-years maturity. These conditions are consistent with market rates for bonds with similar characteristics. At the end of 5-years maturity repayment is 530 000. The bonds are issued in a private placement and are BB-rated. XRaiser designated these bonds as financial liabilities as at cost. Required: Prepare any entries for the years 20Z1-20Z5 and determine the carrying amount of the financial liability for the years 20Z1-20Z5 at the end of the period (31/12). Do not take deferred taxes into account