Question: Problem Solving Question I11 (10 pts) On January 1 2015, Patterson Inc. issued $100,000, 8% bonds for $92.27 8. The market e annually rate of

Problem Solving Question I11 (10 pts) On January 1 2015, Patterson Inc. issued $100,000, 8% bonds for $92.27 8. The market e annually rate of interest for these bonds on January 1, 2015 was 10%. Inters is payabl on December 31. The maturity date of the bonds is December 31, 201 Please answer the following questions (1) Prepare the discount amortization table. (3 pts C) Prepare the journal entry on December 31, 2015, based on US GAAP and IFRS respectively. (4 pts) (3) Prepare bonds section in the 2015 balance sheet, based on US GAAP and IFRS, respectively. (3 pts)

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