On January 1, 2021, Marceline the Vampire Queen Co. purchased P1,000,000 10% bonds classified at amortized cost. The bonds were purchased to yield 12%. Interest is payable annually every December 31. The bonds mature on December 31, 2025. On December 31, 2021, the bonds were selling at 99. On January 2, 2023, Marceline the Vampire Queen Co. sold P500,000 face value bonds at 101. The bonds were selling at 103 on December 31, 2023. Based on the above and the result of your audit.

Present value of 1 for 3 periods at 12%: 0.635518078

Present value of an annuity of 1 for 10 periods at 12%: 3.037349347

Answer the following:

1. provide amortization table

2. provide Journal entry