Problem 1 (20 Points) 5 year, $100,000 bond with a Presented below is an amortization schedule related to Mets Compan 5% interest rate and a 6% yield, purchased on December 31, 2010, for ber 31, 2010, for $95, 788. Carrying Value of Interest Cash??Revenue-Investment-Investment 95788 747 96535 79297327 840 98167 890 99057 943 100000 1/1/2011 1231/2011 5000 747.27 12/31/2012 5000 5792.10 5000 5839.63 12/31/2013 12/31/2014 5000 5890.01 12/31/20155000 5943.41 The following schedule presents a comparison o end f the amortized cost and fair value of the bonds at year- 12/31/11 12/31/12 12/31/13 12/31/14 12/31/15 $97,327 $98,167 $99,057 $100,000 $99,5 $100,000 Amortized cost $96,535 Fair value $97.250 $97,100 97,375 Instructions (a) Prepare the journal entry to record the purchase of these bonds on December 31, 2010, assuming the bonds are classified as held-to-maturity securities. (b) Prep (c) Prepare the journal entrylies) relat (d) Prepare the journal entry(ies) to record the purchase of these bonds, assuming are the journal entry(ies) related to the held-to-maturity bonds for 2011. ed to the held-to-maturity bonds for 2013. they are classified as available-for-sale (e) Prepare the journal entry/ies) related to the available-for-sale bonds for 2011. f) Prepare the journal entry(ies) related to the available-for-sale bonds for 2013