79% 08:22 P ON transactions b. Prepare the stockholders' equity section as of December 31, 2018, assuming that the net income for the year is $550,000. * Thm tp 35 im On Jan 1, 2017, Black Company issued $5,000,000 face value of 13%, 20-year bonds at $5,376,150. The market interest rate was 12%. The company uses effective-interest method to amortize the bond premium or discount. The bonds pay semiannual interest on June 30 and December 31. REQUIREMENTS Part 1. Prepare the journal entries for (Show amortization schedule for calculations): a. The issuance of the bonds on January 1, 2017 b. The payment of interest and the amortization of the premium on December 31, 2017 c. The payment of interest and the amortization of the premium on December 31, 2018. Part 2 On June 30, 2019, half of the bonds were called at 105. Journalize the bond redemption. (Show calculations where possible) * Thm tp Jon't Give Trang 3 trong tng