On January 1, 2020, Gordon Activewear purchased a 12%, $40,000 Telus bond with a three-year term for $42,030. Interest is to be paid semiannually each June 30 and December 31. Gordon is planning to hold the bond until maturity. Record the entries on January 1, 2020, June 30, 2020, and December 31, 2022, using the amortization schedule provided below.

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Cash Perlod Carrying Value Premium Interest Income Interest Recelved Unamortized Premlum Perlod Ending Amort. $2,030 1,732 1,419 1,090 745 382 $42,030 41,732 41,419 41,090 40,745 40,382 40,000 Jan. 1/20 June 30/20. 31/20 $ 2,400 2,400 2,400 2,400 2,400 2,400 $ 2,102 2,087 2,071 2,055 2,037 2,018 $12,370 $ 298 313 329 345 Dec. June 30/21 Dec. 31/21 June 30/22. Dec. 31/22 Totals 363 382 -0- $14,400 $2,030