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On January 1, 2020, Liu Corporation paid $252,042 to acquire bonds of Singh Investment Corp with a par value of $250,000. The annual contract rate

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On January 1, 2020, Liu Corporation paid $252,042 to acquire bonds of Singh Investment Corp with a par value of $250,000. The annual contract rate on the bonds is 6.0% and interest is pald 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.) Cash Interest Received Period Interest Income Premium Amort. Unamortized Premium Carrying Value Period Ending Jan 1/20 June 30/20 Dec 31/20

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