Question $1(45$ marks$)$ Chapter $11$ On January $1,$ Year $1,$ Dual Purpose Inc. purchased $$2,000,000$ par value, $6\%$ bond with a maturity date of December $31,$ Year $3.$ The bond pays annually on December $31.$ The bond was purchased to yield $7\%.$ Dual follows IFRS and it's year is December $31.$ Required Prepare all the journal entries for Year $1,$ Year $2,$ and Year $3$ assuming the market value of the bond is $$1,950,000$ and $$2,010,000$ repsectively for Year $1$ and Year $2$ for the following three classifications: a$)$ b$)$ c$)$ Amortized Cost FVPL FVOCI Note: Dual Purpose Inc. only prepares financial statements at their year end.