Prepare an amortization schedule for problem 12-4.

vestment to be accounted for underthe [This problem is a variation of Problem 12-3, modified to cause the in fair value option.] P 12-4 Fair value option; bond investment: LOI 2-1, dated Fuzzy Monkey Technologies Inc. purchased as a long-term investment $80 million of 8% bonds. effective interest January 1, on January 1, 2016. Management intends to have the investment available for sale when circum- LO12-2, LO12-3, LO12-7 stances warrant. When the company purchased the bonds, management elected to account for them underth i value option. For bonds of similar risk and maturity the market yield was 10%. The price paid for the bonds was S66 million. Interest is received semiannually on June 30 and December 31. Due to changing market condin the fair value of the bonds at December 31,2016, was $70 million. Required