March/June 2019 #32. Vernon – Financial Asset

Hi
I have a question about the amortization schedule of Financial Asset, not Financial Liability

Q: Vernon Co acquired $9m 5% bonds at par value on 1 January 20X8. The interest is receivable on 31 December each year. Vernon Co incurred $0·4m broker fees when acquiring the bonds, which has been expensed to operating expenses. These bonds are repayable at a premium so have an effective rate of 8%. Vernon Co has recorded the interest received on 31 December 20X8 in investment income.

The answer says that
b/f Int 8% Payment c/f
9,400 752 (450) 10,602

I think that the amortization schedule should be different from the Financial Liability but I don’t understand why the c/f comes to 10,602. I thought that it was supposed to be 9,702 (9,400+752-452). Can you please elaborate this why the the result is different between FA and FL?

Thanks.