Strange Corporation purchased $60,400 of 6-year, 7% bonds of Kaecilius Inc. for $57,566 to yield an 8% return, and classified the purchase as an amortized cost method investment. The bonds pay interest semi-annually.

Required Under IFRS, Prepare the following journal entries for Strange Corporation:

1) The purchase of the investment

2) Receipt of semi-annual interest

3) Discount amortization for the first two interest payments that will be received.