On January 1, Jules Company purchased for cash, $200,000 bonds ( 40. $5,000 bonds) of Android Corporation at a market rate of 6%. The bonds pay 6.5% interest, payable on a semiannual basis each June 30 and December 31, and mature on December 31 in five years. The bonds are classified as available-for-sale securities. The annual reporting period of Jules Company ends December 31 Assume the effective interest method of amortization of any discounts or premiums Note: When answering the following questions, round answers to the nearest whole dollar. Amortization Schedule Journal Entries in Year 1 Financial Statement Presentation a. Prepare a bond amortization schedule for the year using the effective interest method Date Stated Market Premium Interest Bond Interest Amortization Amortized Cost Aine 30 Dec 31 b. Record the entry for the purchase of the bonds by Jules Company on January 1. c. Record the entry for the receipt of interest on June 30. d. Record the entry for the receipt of interest on December 31. e. Record the adjusting entry on December 31 to adjust the debt investment to fair value. The fair value of the bonds on December 31 was $196,000 Date Account Name To recent the entry far, the pusheve of bonds 10June 30 To record the receipt of interest Dec. 31 To record the cent of interest (Dec. 31 Toadusindaments to fair value.atyacend 1. Other comprehensive income 2. Net income 3 Comprehensive income 4. Other revenues and gains Other expenses and losses Debit Credit Amortization Schedule Journal Entries in Year 1 Financial Statement Presentation Determine the impact on the following financial statement categories for the year assuming no transactions other than those of the AFS securities Note: Use a negative sign to indicate a loss g. Determine the balance in the investment account on the balance sheet of December 31. Investment in AFS securities, Dec. 31:5