Swifty Corp, invested in a three-year. $100 face value 8% bond, paying $90.39. At this price, the bond will yield a 12% return Interest is payable annually Prepare a bond discount amortization table for Swifty Corp, assuming Swifty uses the effective interest method required by IFRS. (Round answers to 2 decimal places. e. 52.75) Prepare journal entries to record the initial investment, receipt of interest, and recognition of interest income in each of the three years, and the maturity of the bond at the end of the third year. (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 Round answers to 2 decimal places, es 52.75.) Assuming Swifty Corp, applies ASPE and has chosen to use the straight-line method of amortization, determine the amount of discount that is amortized each year. (Round answer to 2 decimal places, 68.52.75) Straight-line discount amortization $ cach Vat Under the above assumption, prepare journal entries to record the initial investment receipt of interest, and recognition of interest income in each of the three years, and the maturity of the bond at the end of the third year. (Credit occount 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. Round answers to 2 decimal places, es, 52.75.) Compare the total interest income under the two methods over the three-year period. (Round answers to 2 decimal places, es 52.75.) Effective interest method Straight line method Total interest income under the two methods