On January 1, 2020 Mead Manufacturing Company issued $8,000,000 face value
bonds when the market rate of interest was 4%. The bonds have a contractual rate
of interest of 3% and pay interest on July 1 and January 1. The bonds mature in 10
years. Mead's fiscal year end is March 31. On January 1, 2020 Investment Company
purchased $2 million of the bonds. Investment Company has a November 30 year end.
1	How much will Investment Company pay for the bonds on Janaury 1, 2020?
2	Prepare a bond amortization schedule for Investment Company.
3	Prepare all necessary journal entries for Investment Company for the following
		dates: January 1, 2020; July 1, 2020; November 30, 2020 and
			January 1, 2021
4	On July 1, 2028 Mead Manufacturing after payment of the interest, redeemed all
		of the bonds at 97. Record the redemption of the bonds for
		Investment Company.