On July 1, 2020, Alberta Limited issued 2000 bonds $1,000 each, due in 20 year, the bonds carry a coupon (stated) rate 8%, which provides a yield of 10%. The company uses the effective interest rate method to amortize any bond premium or discount. The bonds pay annual interest on July 1 each year. Assuming June 30 is the year end for Alberta ltd of each year. Instructions: A) Prepare the journal entries to record the following transactions: 1. Prepare all the Journal Entries for 2020 including the issuance. 2. Prepare all the Journal Entries for 2021 B) What amount of interest expense is reported for the year ended June 30, 2022? C) What is the total cost of borrowing over the life of the bond? Use this as starting point for amortization schedule (Optional) Period Payment Interest expense Amortization Carrying Value.