On January 1, 2018, Ambrosia Corp. purchased 7% 5-year bonds with face value of $600,000. The bonds were dated January 1, 2018, and would mature on January 1, 2023. The bonds would pay interest twice a year, on July 1 and January 1. Ambrosia paid $652,513 for the bonds to yield 5% (market rate). Ambrosia accounted for the bonds at FV-OCI. Ambrosias fiscal year end was December 31. Fair values of the bonds on December 31, 2018 and 2019 respectively were:

2018 $625,648

2019 $699,408

a. Prepare a table to show interest income, interest received and premium or discount amortization for the bonds for the first 3 years.

Please show steps on how you got the numbers.

Cash received	Interest Income	Premium/discount amortization	FV-OCI investment