EXERCISE 4- Debt Securities (27 points) PLEASE ANSWER in the BOOKLET Presented below is an amortization schedule related to Azure Company's 3-year, $300,000 note with a 9% interest rate and a 12% yield, purchased on December 31, 2018, for $278,384. DATE CASH RECEIVED INTEREST REVENUE NOTE DISCOUNT AMORTIZATION 12/31/18 12/31/19 12/31/20 12/31/21 CARRYING AMOUNT OF NOTE $278,384 284,790 291,965 300,000 $27,000 $27,000 $27,000 $33,406 34,175 35,035 $6,406 7,175 8,035 The following schedule presents a comparison of the amortized cost and the fair value of the notes at year end. Amortized cost Fair value 12/31/19 12/31/20 $284,790 $291,905 $286,280 $290,600 12/31/21 $300.000 $300,000 Instructions (a) Prepare the journal entry to record the purchase of these notes on December 31, 2018, assuming the bonds are classified as held-to-maturity securities. (b) Prepare the journal entry(ies) related to the held-to-maturity notes for 2019. (c) Prepare the journal entry(ies) related to the held-to-maturity notes for 2020. (d) Prepare the journal entry(ies) to record the purchase of these notes on December 31, 2018, assuming they are classified as available-for-sale. (e) Prepare the journal entry(ies) related to the available-for-sale notes for 2019. (f) Prepare the journal entry(ies) related to the available-for-sale notes for 2020