Question: Please do requirement 2 and 4 PLease show all the calculations. Thank you. A11-6 FVOCI-Bond Method-Bond Investment: On 1 June 20x8, Ghana Company purchased $7,000,000

Please do requirement 2 and 4 PLease show all the calculations.

Thank you.

A11-6 FVOCI-Bond Method-Bond Investment: On 1 June 20x8, Ghana Company purchased $7,000,000 of Monaco Corp.5.8% bonds, classified as a FVOCI-Bond investment. The bonds pay semi-annual interest each 30 May and 30 November. The market interest rate was 6% on the date of purchase. The bonds mature on 30 May 20X13. Required: 1. Calealate the price paid by Ghana Company 2. Construct a table that shows interest revenue reported by Ghana, and the carrying value of the investment, for each interest period for four interest periods. Use the effective interest method. 3. Give entries for 20X8 and for 20X9, including the year end accrual, based on your calculations in requirement 2 4. At the yearend, 31 December 20X8 and 31 December 20X9, the fair value of the bonds was $7.240,000 and $6,755,000 respectively. Give the entries to record the changes in fair value

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