Question 4 of 7 Current Attempt in Progress -/13 On April 1, 2021, Monty Corporation issued $368,000, 5-year bonds. On this date, Shoreline Corporation purchased the bonds from Monty to earn interest. Interest is received semi-annually on April 1 and October 1 and Shoreline's year end is March 31. Below is a partial amortization schedule for the first three interest periods of the bond issue. Semi-Annual Interest Period Interest Received Interest Revenue Amortization Bond Amortized Cost April 1, 2021 $384.969 October 1, 2021 $7.360 $5,775 $1,585 383,384 April 1, 2022 7.360 5.751 1,609 381.775 October 1, 2022 7.360 5.727 1.633 380,142 Were the bonds purchased at a discount or at a premium? Bonds purchased at a premium N Address What is the bonds' contractual interest rate? The market interest rate? (Round answers to 2 decimal places Annual Semi-annual Contractual interest rate % % Market interest rate % 95 e Textbook and Media e Textbook fibra.bandcathafnterestinaber12 Prenare the line P II LIL JUUNI mes to record the purchase of the bonds; the receipt of interest on October 1, 2021; the accrual of interest on March 31, 2022; and the receipt of interest on April 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Apr. 1, 2021 Investments at Amortized Cost Cash (To record purchase of investment.) Oct. 1, 2021 Cash Investments at Amortized Cost Interest Revenue (To record collection of interest.) Mar 31, 2022 Interest Receivable Address N + Chpt 16 HOMEWORK (FOR MARRS) - / 1 Question 4 of 7 (To record collection of interest.) Mar 31, 2022 Interest Receivable Investments at Amortired Cost Interest Revenue (To accrue Interest revenue. Cash Apr. 1.2022 Interest Revenue Collection of interest receivable) e Textbook and Media Fm 10 512 SA e Textbook and Media e Textbook What will the bonds' amortized cost be at the maturity date? Bonds' amortized cost at the maturity date $ e Textbook and Media e Textbook