Please show all work and calculations

Bond Investment Premium Amortization Schedule Mercer Corporation acquired $400,000 of Park Com- pany's bonds annually on June 30 and December 31, The appropriate market interest rate is 11%, and the bonds are due June 30, 2021. P13-4 LO 13.2 on lune 30, 2018, for S 109,991.12. The bonds carry a l 2% stated interest rate and pay interest semi- Required: 1. Prepare an investment interest income and premium amortization schedule, using the: straight-line method b. a. effective interest method 2. Prepare journal entries to record the December 31, 2018, and December 31, 2020, interest receipts using both methods