On January $1,$ Ralston Corporation issues $$800,000$ of $8\%$ bonds, due in $10$ years, with Interest payable semiannually on June $30$ and

December $31$ each year. Price Investment Company purchases all of the bonds and classifies them as avallable$-$for$-$sale.

Assuming the market interest rate on the issue date is $9\%,$ Price will purchase the bonds for $$747,968.$

Required:

Complete the first three rows of an amortization table for Price.

Record the purchase of the bonds by Price on January $1$ and the recelpt of the first two semlannual interest payments on June $30$

and December $31.$

Assume the falr value of the bonds equals $$750,000$ on December $31.$ Record any necessary falr value adjusting entry.

Calculate net Income and comprehensive Income. Assume the company has sales revenue of $$2,600,000$ and operating expenses

of $$1,400,000.$

Complete this question by entering your answers in the tabs below.

Calculate net income and comprehensive income. Assume the company has sales revenue of $$2,600,000$ and operating

expenses of $$1,400,000.($Enter amounts to be deducted with a minus sign.$)$