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 T00055444, 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) b. The first interest payment (June 30, 2021) c. The second interest payment (December 31, 2021) Date Account Debit Credit