On January 1, 2020, Bonita Corporation purchased a newly issued $1.425,000 bond. The bond matured on December 31, 2022. and paid interest at 6% every June 30 and December 31. The market interest rate was 8%. Bonita's fiscal year-end is October 31, and the company had the intention and ability to hold the bond until its maturity date. The bond will be accounted using the amortized cost model. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Calculate the price paid for the bond using a financial calculator or Excel functions. (Round answers to 2 decimal places, eg. 52.75.) PV $ $ 1382250 Prepare an amortization schedule for the bond. (Round answers to 2 decimal places, eg. 52.75.) Cash Received Interest Revenue Discount Amortization Amortized Cost (Present Value) $ 1382250 42750 $ 55290 $ $ 12540 1394790 42750 55791.6 13041.6 1407831.6 42750 56313.26 13563.26 1421394.86 42750 56855.79 14105.79 | 42750 42750 1425000 Date Debit credi Account Titles and Explanation Bond Investment at Amortized Cost Jan. 1, 2020 1382250 Cash June 30, 2020 Cash 42750 Bond Investment at Amortized Cost Interest Income Oct. 31, 2020 Interest Receivable Bond Investment at Amortized Cost Interest Income Dec. 31, 2020 Cash 42750 Bond Investment at Amortized Cost Interest Receivable Interest Income Dec. 31, 2022 Cash 42750 Bond Investment at Amortized Cost Interest Receivable Interest Income (To record collection of interest.) Cash Dec. 31, 2022 1425000 Bond Investment at Amortized Cost (To record maturity of bond.)