QUESTION ONE 8 MARKS On January 1, 2022, London CO. made an investment in $40,000 of the 9%, 5-year bonds of Chester Corporation for $37,043, which provides an 11% return. London plans to hold these investments as a held-for-collection and selling investment. Instructions: 1. Prepare the amortization schedule (2 Marks) 2. Prepare London's journal entries for: (a) The purchase of the investment (2 Marks) (b) The receipt of annual interest on December 31 and discount amortization. (2 Marks) (c) The year-end fair value adjustment. (Assume a zero balance in the Fair Value Adjustment account.) The bonds have a year-end fair value of $36,500. (2 Marks)