On January 1, 2021, Coronado Ltd. issued bonds with a maturity value of $5.25 million for $5,047,350, when the market rate of interest was 10%. The bonds have a contractual interest rate of 9% and mature on January 1, 2026. Interest on the bonds is payable semi-annually on July 1 and January 1 of each year. On January 1, 2021, Oriole Company, a public company, purchased Coronado Ltd. bonds with a maturity value of $1.05 million to earn interest. On December 31, 2021, the bonds were trading at 97. Both companies' year end is December 31. 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 (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount did Oriole Company pay for Coronado Ltd's bonds? (Round answer to 0 decimal places, e.g. 5,275.) Oriole Company paid $ 1,009.470 eTextbook and Media Prepare the journal entry for Oriole Company (investor) on January 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Round answers to decimal places, e.g. 5,275.) Credit Debit 1,009.470 Date Account Titles and Explanation Jan. 1 Investments at Amortized Cost Cash (To record purchase of investment.) 1,009,470 eTextbook and Media Prepare the journal entries for Oriole Company to record: (1) The receipt of interest on July 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to o decimal places, e.g. 5,275.) Debit Credit Date Account Titles and Explanation July 1 Cash Investments at Amortized Cost Interest Revenue (To record collection of interest on bonds.) (2) The accrual of interest on December 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to 0 decimal places, e.g. 5,275.) Debit Credit Date Account Titles and Explanation Dec. 31 (To accrue interest revenue.) (3) The receipt of interest on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to o decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Jan. 1 (Collection of interest receivable.) eTextbook and Media Show how the bonds and related income statement accounts would be presented in Oriole Company's financial statements for the year ended December 31, 2021. (Round answers to 0 decimal places, e.g. 5,275.) ORIOLE COMPANY Balance Sheet (Partial) $ $ ORIOLE COMPANY Income Statement (Partial) eTextbook and Media Prepare the journal entry for Coronado Ltd. (investee) on January 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to 0 decimal places, e.g. 5,275.) Debit Credit Date Account Titles and Explanation Jan. 1 (To record issuance of bonds payable.) eTextbook and Media Prepare the journal entries for Coronado Ltd. to record: (1) The payment of interest on July 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Round answers to o decimal places, e.g. 5,275.) Debit Credit Date Account Titles and Explanation Jul. 1 (To record payment of interest on bonds.) (2) The accrual of interest expense on December 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to O decimal places, e.g. 5,275.) Debit Credit Date Account Titles and Explanation Dec. 31 V (To accrue interest expense.) (3) The payment of interest on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to 0 decimal places, e.g. 5,275.) Debit Credit Date Account Titles and Explanation Jan. 1 (To record payment of interest payable on bonds.) eTextbook and Media Show how the bonds and related income statement accounts would be presented in Coronado Ltd's financial statements for the year ended December 31, 2021. (Round answers to decimal places, e.g. 5,275.) CORONADO LTD. Balance Sheet (Partial) $ $ CORONADO LTD. Income Statement (Partial) $ eTextbook and Media