Problem #2
		The following transactions pertain to Patricia's Pirogue's Inc.:
			1-Jan-20	900 TEN-year bonds with a face amount of $1,000, bearing
				interest at 5.0% payable semi-annually are sold for $859,078
				The market/effective rate of interest is 5.6%.
			30-Jun-20	Semi-annual interest is paid - amortization of discount
				is recorded
			31-Dec-20	Semi-annual interest is paid - amortization of discount
				is recorded
		Instructions:
		a	Record the above transactions using the "effective interest" method
		b	Compute the carrying value of the bonds at December 31, 2020
			assuming the effective interest method of amortization is used.
		c	Record the above transactions using the "straight line" method
		d	Compute the carrying value of the bonds at December 31, 2020
			assuming the straight-line method of amortization is used.
		e	Present the entry for the retirement of the bonds on December 31, 2023
			(four years from issue date) for $1,050 cash per bond (S/L method used)