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On January 1, 2023, Liu Corporation paid $262,123 to acquire bonds of Singh Investment Corp with a par value of $260.000. The annual contract rate

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On January 1, 2023, Liu Corporation paid $262,123 to acquire bonds of Singh Investment Corp with a par value of $260.000. The annual contract rate on the bonds is 6.0% and interest is paid semiannually on June 30 and December 31 . The bonds mature after three years. The market rate of interest was 5.7% 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 onswers to the neorest whole dollar omount. Enter all the amounts as positive volues.) 2-0. Prepare Liu's entries to record the purchase of the bonds. (Do not round intermediate calculations. Round your final answers to neorest dollor omount.) 1 Record the Purchase of a 3 -year, 6.0%,$260,000 bond. Note : = journal entry has been entered 2-b. Prepare Liu's entries to record the receipt of the first two interest payments. (Do not round intermediate calculatic your final answers to nearest dollar amount.) 1 Record the collection of interest on bond. 2 Record the collection of interest on bond. 3. Show how the investment will appear on the December 31,2023 , balance sheet. (Do not round intermediate calculations. Ro your final answer to neorest dollar amount.)

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