''''''''Please Calculate number 1 and 4 Please show all calculatons. Thank you.

A11-6 FVOCI-Bond Method-Bond Investment: On 1 June 20x8, Ghana Company purchased $7,000,000 of Monaco Corp. 5.8% bonds, classified as a FVOCI-Bond investment. The bonds pay semi-annual interest each 30 May and 30 November. The market interest rate was 6% on the date of purchase. The bonds mature on 30 May 20X13. Required: 1. Calculate the price paid by Ghana Company. 2. Construct a table that shows interest revenue reported by Ghana, and the carrying value of the investment for each interest period ouranteres periods use the colectivamerest method 36lve entries for 20X8 and for 20x9including the year end acerual, based on your calculations in requirement 4. At the year end, 31 December 20X8 and 31 December 20X9, the fair value of the bonds was $7.240,000 and $6,755,000 respectively. Give the entries to record the changes in fair value