on january 1 2014 liu corporation paid 241960 to acquire bonds of peverdo with a par value of 240000/

Required
1. Prepare an amortization schedule for the investment showing only 2014.
2. Prepare Liu’s entries to record:
(a) The purchase of the bonds,
(b) The receipt of the first two interest payments.
3. Show how the investment will appear on the December 31, 2014, balance sheet.