problem 15-3A non strategic investment

on january1 ,2023 swift current corporation paid $2,540,240 to acquire bonds of jasper investment with a par value of $2520,000 the annual contract rate on the bonds 7% and interest is paid semiannually on june 30 and december31 the bonds mature after three years the market rate of interest was 6.7% swift corporation intends to hold the bonds untill maturity

1- prepare an amortization schedule forthe investment showing only 2023

2- prepare swift currents entire to record (a) the purchase of bonds ,(b) the receipt of the first two interest payments

3- show how the investment will appear on thedecember31,2023 balance sheet