Question Two (20 marks, 36 minutes) On January 1, 2023, Sheffield Ltd. purchased $440,000 face value of Telco bonds with an annual coupon rate of 8%. The bonds were purchased to yield 10% interest based on market rates on January 1, 2023. Interest is payable semi-annually, on July 1 and January 1. The bonds mature on January 1, 2028. Sheffield Ltd. uses the effective interest method to amortize the discount or premium. On January 1, 2025, to meet its liquidity