Question 3 - Investment in OCI bonds On July 1, 2020 Frogo Inc. Purchased 500 of Senso Corp's $1,000 bonds, which pay semi- annual interest of 6% on June 30 and December 31. Forgo is a public company. The investment is to be accounted for as Fair value through Other Comprehensive Income (FV-OCI). The bonds were originally issued by Senso Corp. on January 1, 2020 and mature on December 31, 2039. The market yield to maturity rate at the time of purchase as 4%. At December 31, 2020 the market yield was determined to be 4.4% resulting in a fair value of $602,293. On November 1, 2021 Forgo Inc. decided to sell 30% of the bonds at 97. On December 31, 2021 the market yield was determined to be 4% resulting in the remaining bonds being valued at par. Required: Please clearly label each required with a), b), c), etc. a) Calculate the premium or discount on July 1, 2020 when Fargo purchased the bonds. b) Prepare a bond amortization table. Record the following transactions (prepare journal entries): c) The purchase of the bonds on July 1, 2020 d) The interest payment received on December 31, 2020 e) The remeasurement of the bonds at December 31, 2020 f) The interest payment received on June 20, 2021 g) The sale of the bonds on November 1, 2021 h) The interest payment received on December 31, 2021 i) The remeasurement to par on December 31, 2021