PART B: Financial Liabilities In 2020, Platino Bhd plans to develop a new hometown resort in Langkawi. The management teams are considering financing the project either by issuing bonds or applying for bank loans. After the finance officer, Mam Zulaika explains the advantages of the bonds, they agree to finance the project by issuing the bond. On 1 July 2018, Platino Bhd issues a new 8% RM3,000,000, 5-year bonds (Amanah Bonds) to yield 6%. The interest is payable on 30 June every year. The company uses the effective interest method to amortize the bond premium or discount. The company predicts that the interest rate will fall during the next few years and is planning to retire this bond. The bonds are callable at 95 on 2 July 2020. CASE INSTRUCTIONS: (8) Calculate the selling price of the Amanah Bonds. (9) Prepare a bond amortisation schedule for Amanah Bonds up to 30 June 2020. (10) Briefly explain the accounting treatment of bonds retirement