On January 1, 2023, Liu Corporation paid $255,016 to acquire bonds of Singh Investment Corp with a par value of $253,000. The annual contract rate on the bonds is 7.5% and interest is paid semiannually on June 30 and December 31. The bonds mature after three years. The market rate of interest was 7.2%. Liu Corporation intends to hold the bonds until maturity. Required: 1. Prepare an amortization schedule for the investment showing only 2023. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount. Enter all the amounts as positive values.) Cash Period Interest Period Ending Premium Amort. Interest Received Income Unamortized Premium Carrying Value Jan. 1/23 255,016 0 0 $ 0 $ 255,016 June 30/23 $ Dec. 31/23 253,000 $ 253,000 9,181 $ 9,488 $ (307) $ SA 254,709 9,169 9,488 (319) 254,390 2-a. Prepare Liu's entries to record the purchase of the bonds. (Do not round intermediate calculations. Round your final answers to nearest dollar amount.) View transaction list Journal entry worksheet < 1 Record the Purchase of a 3-year, 7.5%, $253,000 bond. Note: Enter debits before credits. Date Jan 01 General Journal Debit Credit Investment - Singh bond 255,016 Cash 255,016 D 2-b. Prepare Liu's entries to record the receipt of the first two interest payments. (Do not round intermediate calculations. Round your final answers to nearest dollar amount.) View transaction list Journal entry worksheet < 1 2 Record the collection of interest on bond. Note: Enter debits before credits. General Journal Debit Credit 9,488 Date Jun 30 Cash Investment - Singh bond 307 D