2: Bonds Payable (15 Marks) Winter Corp. issued 10-year bonds with a par value of $700,000 plus the last 4 digits of your student number on December 31, 2020. For example, if your student number is 100055444, the par value is $705,444. Use your own student number. The coupon rate is 8%. The bonds will yield 6% on an annual basis. Interest is paid semi- annually on June 30 and December 31. Winter Corp. uses the effective interest method to amortize premiums or discounts. The bond quote was: 114.87747 All amounts are rounded to the nearest dollar (no decimals required). The fiscal year end is December 31. Required: 1. Calculate the selling price of the bond issuance Selling price of Bond Issuance = 2. Prepare the bond amortization table for the first three periods 3. Prepare the journal entries for a. The bond issuance (December 31, 2020) The first interest payment (June 30, 2021) c. The second interest payment (December 31, 2021) Date Account Debit Credit