On January 1, 2023, Shetfield Corporation purchased a newly issued $1,600,000 bond. The bond matured on December 31, 2025, and paid interest at 6% every June 30 and December 31 . The market interest rate was 8%. Shetfeios frical year.ond hit Octaber 31 , and the compamy had the intention and ability to hold the bond until its maturity date. The bond will be accounted using Rhe ancertised fomf Trodec. Click here to view Table A2 - PRESENT VALUEOF 1- 1PRESENT VALUE OF A SINGIF SUMI Click bere to view Table A.4 - PRESENTVALUEOF AN ORDINARY A ANUITVOF 1