On 1 May 207, Bertrum Ltd. purchased $1,340,000 of Fox Corp. 8.1% bonds. The bonds pay semi-annual interest each 1 May and 1 November. The market interest rate was 8% on the date of purchase. The bonds mature on 1 November 201. (PV of $1, PVA of $1, and (Use appropriate factor(s) from the tables provided.) Required: 1. Calculate the price paid by Bertrum. (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.) Answer is complete and correct. 2. Construct a table that shows interest revenue reported by Bertrum, and the carrying value of the investment, for each interest period to maturity. Use the effective-interest method. (Round your answers to the nearest whole dollar amount.) 3. Assuming the bond is classified as AC, prepare the entries for 207 and 208 for Bertrum, including adjusting entries at the 31 December year-end. (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.) On 1 May 207, Bertrum Ltd. purchased $1,340,000 of Fox Corp. 8.1% bonds. The bonds pay semi-annual interest each 1 May and 1 November. The market interest rate was 8% on the date of purchase. The bonds mature on 1 November 201. (PV of $1, PVA of $1, and (Use appropriate factor(s) from the tables provided.) Required: 1. Calculate the price paid by Bertrum. (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.) Answer is complete and correct. 2. Construct a table that shows interest revenue reported by Bertrum, and the carrying value of the investment, for each interest period to maturity. Use the effective-interest method. (Round your answers to the nearest whole dollar amount.) 3. Assuming the bond is classified as AC, prepare the entries for 207 and 208 for Bertrum, including adjusting entries at the 31 December year-end. (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.)