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On 1 January 20X2, Investor Company purchased $1,000,000 of Operating Corp. 5% bonds, classified as an AC investment. The bonds pay semi-annual interest each 30 June and 31 December. The market interest rate was 6% on the date of purchase. The bonds mature on 30 December 20X11. (ex.of$1. PVA of $1. and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1 Calculate the price paid by Investor (Round time value foctor to 5 decimal places. Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.) Price paid $ 925.617 2. Construct a table that shows interest revenue reported by Investor, and the carrying value of the investment for the first two interest periods. Use the effective-interest method (Round your answers to the nearest whole dollar amount.) Period Cash Payment 3% Interest Revenue Discount Amortization 0 Bond Carrying Value $ 925,617 928,385 931 237 $ 25,000 $ 25.000 277695 27 852 27.769 27.852 2 3. Prepare the entry for the first interest payment based on your calculations in requirement 2. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet