PART B: Financial Liabilities In early 2020, Malinda Bhd plans to diversify its business and invest in new business projects that require huge amounts of funding. The management team agrees to finance the project by issuing bonds, a better alternative to bank loans for companies seeking external funding. On 1 July 2020, Malinda Bhd issues a new 8% RM2,000,000, 5-year bonds (AA 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. Two years after the issue date on 1 July 2022, Evermaster calls the entire issue at 101 and cancels it. CASE INSTRUCTIONS: 1) Prepare related journal entries for Malinda Bhd on 1 July 2022.