On January 1 of the current year the Ashton Company made an investment in bonds with a face amount of $1,500,000. The management of the company intends to hold the bonds to term. Further information includes the following: Term is 5 years. Interest to be paid one time per year. The effective rate is 3%. The stated rate is 2%. Value the bond. Prepare the amortization schedule. (investment side) Prepare the journal entries for the life of the bond. The ABC company made the following equity investments in 20X1