On January 1, 2020, Skysong Corporation purchased a newly issued $1,150,000 bond. The bond matured on December 31, 2022, and paid interest at 6% every June 30 and December 31. The market interest rate was 3%. Skysong'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. (a) Your answer has been saved. See score details after the due date. Calculate the price paid for the bond using a financial calculator or Excel functions. (Round answers to 2 decimal places, eg. 52.75.) PV $ 1050000 Attempts: 1 of 1 used (b) Prepare an amortization schedule for the bond. (Round answers to 2 decimal places, eg. 52.75.) Cash Received Interest Revenue Discount Amortization Date $ Jan. 1, 2020 June 30, 2020 $ $ Dec 31, 2020 June 30, 2021 Dec 31, 2021 June 30, 2022 Dec 31, 2022