purchases $200,000, 8%, four-year bonds on 1/1/1 for $187 073.57 on 1/1/1. Interest payments are due 6/30 and 12/31. The bonds are sold to yield 10% (effective rate) and are classified as trading securities on Firm XYZ's books Further assume the fair value (FMV) of the bonds is as follows: O pts 12/31/1 FMV = 180,000 12/31/2 FMV = 195,000 Complete the following partial amortization table and prepare the journal entries Firm XYZ would record from 1/1/1 through 12/31/2 (20 points). Date Cash Interest Revenue Amortization Carrying Value 1/1/1 $187,073.57 16/30/1 12/31/1 6/30/2 12/31/2 Upload Choose a File