2. Randolph company sold 10-year, 10% $500,000 bonds at a yield of 8% on May 31, 2016. Interests are paid annually on January 1. The present value table of $1 is presented below: Present value of $1 5% 8% 10% N 4% Periods 10% - 10 0.67556 0.61391 0.46319 0.38554 . 20 0.45639 0.37689 0.21455 0.14864 N Present value of Ordinary Annuity of $1 5% 8% 4% 10% Periods . 10 8.11090 7.72173 6.71008 6.14457 . 20 13.59033 12.46221 9.81815 8.51356 Required: a) Present the amortization table for Premium or Discount on the transaction. b) Make necessary joumal entries related to the transaction above for the years 2016, and 2017 c) Assuming the bonds were redeemed at 102 on December 31, 2017, plus accrued interest, make necessary entries for the redemption of the bonds