On January $1.2021,$ Bhaca Coep purchases Cortiend inc bonds that have a face volue of $$270,000.$ The Cortland bonds have a stated interest rate of $105.$ Interest is paid semiannually on June $30$ and December $31,$ and the bonds mature in $10$ years. For bonds of similar rek and matirity, the maket yield con particular dates is as follows: CVV of $$1.$ PV of $$1.$ FVA of $L$.$ PVA of $$1.$ EYAD of $$1$ and PVAD of $$1($Use appropriate factor$($s$)$ from the tables provided$).$

$\backslash$table$[[,],[$Jamury $1,2601,11\mathrm{.}08],[$June $30,2021,12\mathrm{.}68],[$Decceter $34,2021,14.$em$]]$

Required:

Calculate the price thaca would heve paid for the Cortland bonds on January $1,2021$ Dgnoring brokerage feesh, and prepare a journal entry to recoed the purchase.

Prepare all appropriste journel entries related to the bond irvegtment during $2022,$ assuming litheca accoums for the bonds as a held to$-$maturity investment thecif calculates interest revenue at the effective inferest rate as of the date it purchased the bonds.

Prepare all appropnate journal entries related to the bond investment during $2021,$ assuming that lihba chose the fair value option when the bonds were purchased, and that thace determines far velue of the bonds semiannually ithaca calculates interest revenue at the effective interest rate as of the date it purchesed the bonds.

Complete this question by entering your anvwers in the tabs below.

$$ Beq $1$ Genera loumal $$

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Aepare all appropnate journal ertries redated to the bond ievestment daring $2021,$ maming lahaca accounts for the bonds as a held$-$ tomafurity investrment. Ithaca calculates interest reverue at the eflective interest rate as of the date if porchased the borvh. $($if no entry is requred for a transactionfevent, select $"$No yournal entry required" in the frst account field. Do not round your intermediate calculations and reand yeor final answess to nearest whole number.$)$

Shew lesse

$$Record the investment in bonds with a face value of $$210,000,$ a stated interest rate of $10\%$ and a market yield of $11\%.$ The bonds pay interest semi$-$annually.

Record the interest revenue.

Record the fair value adjustment when the market yield is $12\%.$

$4$ Record the interest revenue.

$5$ Record the fair value adjustment when the market yield is $14\%\mathrm{.}1$ Record the investment in bonds with a face value of $$210,000,$ a stated interest rate of $10\%$ and a market yield of $11\%.$ The bonds pay interest semi$-$annually.

$2$ Record the interest revenue.

$3$ Record the fair value adjustment when the market yield is $12\%.$

$4$ Record the interest revenue.

$5$ Record the fair value adjustment when the market yield is $14\%.$