On $1/1/20$X$1,$ Illini issues $10\%$ bonds dated $1/1/20$X$1,$ with a face amount of $$60,000.$ The bonds mature on $12/31/20$X$4(4$ years$).$ For bonds of similar risk and maturity, the market yield is $8\%.$ Interest is paid semiannually on June $30$ and December $31.$ Illini incurs a total of $$2,000$ debt issuance costs. After its third interest payment on $6/30/20$X$2,$ Illini buys back the bonds on the market for $$61,000.$

$20$X$1$ Current:

$20$X$1$ Non Current:

$20$X$2$ Current:

$20$X$2$ Non Current:

On $1/1/20$X$1,$ Illini issued $$20,000$ face amount $10\%$ ordinary convertible bonds maturing $12/31/20$X$3.$ The bonds are issued at the face amount. Interest is paid semiannually on June $30$ and December $31.$ Each $$25$ bond can be converted into one share of $$1$ par common stock of Illini. On $1/1/20$X$2,$ half of the convertible bonds are converted into Illini$$s common stock.

$20$X$1$ Current:

$20$X$1$ Non Current:

$20$X$2$ Current:

$20$X$2$ Non Current:

On $1/1/20$X$1,$ Illini issued $10\%$ bonds dated $1/1/20$X$1,$ with a face amount of $$40,000.$ The bonds mature on $12/31/20$X$4(4$ years$).$ For bonds of similar risk and maturity, the market yield is $12\%.$ Interest is paid semiannually on June $30$ and December $31.$ Suppose Illini elects the fair value option to account for these $($and only these$)$ bonds and adjust for the fair value changes on every June $30$ and December $31.$ The market interest rates for bonds of similar risk and maturity on $6/30/20$X$1,12/31/20$X$1,6/30/20$X$2,$ and $12/31/20$X$2$ are $10\%,8\%,12\%,$ and $15\%$ respectively. All interest rate changes are due to Illini$$s own credit risk changes.

$20$X$1$ Current:

$20$X$1$ Non Current:

$20$X$2$ Current:

$20$X$2$ Non Current:

I$\text{'}$m having trouble figuring out how to calculate the current and non$-$current portions for each year.