On Jan 1, 2018, ABC Inc. purchased the bonds of XYZ Inc having a face value of $800,000 of 12% bonds, dated Jan 1, for 840,609. Interest is payable semiannually on June 30 and December 31. The bonds mature in three years, on December 31, 2020. The market interest rate for bonds of similar risk and maturity is 10%. a. Prepare the amortization schedule for 3 years. b. Pass the necessary journal entries to record the transactions for purchase of investments, interest received on 1 June 2018 and interest received on 31st December 2018, using effective interest rate method. c. At what value, the bonds would be shown in the balance sheet as on 31.12.2019? d. If the bonds are sold on 31st December 2019 for $ 850,000 what would be the journal entry? e. Alternative: If the bonds are sold on 31 December 2018 for $840,000, journalize the entry