The present value of the bond at Jan 1, 2023, was $91,683. Interest in paid on 5uly 1 and darsaary 1 ana the bonds mature on duly 1, 2028. The market interest rate was 74 on Apri 1. 2023. Chanurt unes thin efective interest model to account for this investment and intends to hold the bonds to maturity. Chitmin Corp. follows IFRS. instructions a) Prepare the journal entry to record the purchase on April 1, 2023 and the journal entry to record the first coupon payment on July 1, 2023. (show your calcualtions where necessry). The bonds are sold on November 1, 2024 at 98.5 . Amortization was recorded when interest was received using the effective interest rate method. Prepare all entries required to properly record the sale. Round values to the nearest dollar, if necessary. (show your calcualtions where necessry). The present value of the bond at Jan 1, 2023, was $91,683. Interest in paid on 5uly 1 and darsaary 1 ana the bonds mature on duly 1, 2028. The market interest rate was 74 on Apri 1. 2023. Chanurt unes thin efective interest model to account for this investment and intends to hold the bonds to maturity. Chitmin Corp. follows IFRS. instructions a) Prepare the journal entry to record the purchase on April 1, 2023 and the journal entry to record the first coupon payment on July 1, 2023. (show your calcualtions where necessry). The bonds are sold on November 1, 2024 at 98.5 . Amortization was recorded when interest was received using the effective interest rate method. Prepare all entries required to properly record the sale. Round values to the nearest dollar, if necessary. (show your calcualtions where necessry)