On January 1, 2023, Ayayai Corporation purchased a newly issued $1,550,000 bond. The bond matured on December31, 2025, and paid interest at 6% every June 30 and December 31. The market interest rate was 8%. Ayayai's fiscalyear-end is October 31, and the company had the intention and ability to hold the bond until its maturity date. Thebond will be accounted using the amortized costPrepare an amortization schedule for the bond. (Round answers to 2decimal places, e.g. 52.75.) model. Click here to view Table A. 2 - PRESENT VALUE OF 1 - (PRESENT VALUE OF ASINGLE SUM) Click here to view Table A. 4- PRESENT VALUE OF AN ORDINARY ANNUITY OF 1 (a) Calculate the pricepaid for the bond using a financial calculator or Excel functions. (Round answers to 2 decimal places, e. g. 52.75.) PV $Prepare an amortization schedule for the bond. (Round answers to 2 decimal places, e.g. 52.75.)DateJan. 1, 2023June 30, 2023Dec. 31, 2023June 30, 2024Dec. 31, 2024June 30, 2025Dec. 31, 2025Totals$CashReceivedInterestRevenueDiscountAmortizationAmortiz(Presen

The amortization cost model provides insight into how bond prices change over time due to the…

nterest at 6% every June 30 and December 31. The market interest rate 31, and the company had the intention and ability to hold the bond un ed using the amortized costPrepare an amortization schedule for the b 52.75.) model. Click here to view Table A. 2 - PRESENT VALUE OF 1 ere to view Table A. 4 - PRESENT VALUE OF AN ORDINARY ANNUITY ng a financial calculator or Excel functions. (Round answers to 2 decima tion schedule for the bond. (Round answers to 2 decimal places, e.g. 52.75.) Cash Interest Discount