QUESTION 1 (15 MARKS: 27 MINUTES) Cahaya Putih Bhd (CPB) is constructing a new office building for Changlun branch at a cost of RM2,550,000. It received a down payment of RM1,000,000 from the Changlun branch to support the project and currently needs to borrow RM1,550,000 to complete the project. The management team of CPB decides to issue RM1,550,000 of 11%,5-year bonds. These bonds were issued on 31 December 2022 and pay interest annually on each 31 December. The bond yield 9%. REQUIRED: (Round your answer to the nearest RM ) (Refer to the present value table in Appendix on page 4) (a) Discuss TWO (2) advantages of bonds issuance as compared to shares issuance. (3 Marks) (b) Prepare the journal entries to record the issuance of the bonds on 31 December 2022. (3 Marks) (c) Prepare a bond amortization schedule up to and including 31 December 2024. (3 Marks) (d) Assume that on 1 August 2026, CPB retires 60% of the bonds at a cost of RM1,000,000 plus accrued interest. Prepare the journal entries to record this retirement. (6 Marks)