On January 1, 2020, Liu Corporation paid $247,001 to acquire bonds of Singh Investment Corp with a par value of $245,000. The annual contract rate on the bonds is 6.0% and interest is paid semiannually on June 30 and December 31. The bonds mature after three years. The market rate of interest was 5.7%. Liu Corporation intends to hold the bonds until maturity. Required: 1. Prepare an amortization schedule for the investment showing only 2020. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount. Enter all the amounts as positive values.) Period Ending Cash Interest Received Period Interest Income Premium Amort. Unamortized Premium Carrying Value Jan. 1/20 June 30/20 Dec. 31/20 2-a. Prepare Liu's entries to record the purchase of the bonds. (Do not round intermediate calculations. Round your final answers to nearest dollar amount.) View transaction list Journal entry worksheet 2 Record the collection of interest on bond. Credit 3. Show how the investment will appear on the December 31, 2020, balance sheet. (Do not round intermediate calculations. Round your final answer to nearest dollar amount.) LIU CORPORATION Partial Balance Sheet December 31, 2020 Assets Non-current investments