A company issued 8%,5-year bonds with a par value of $2,070,000, on January 1 . Interest is to be paid semiannually each June 30 and December 31 . The bonds were sold at $2,225,290 based on an annual market rate of 6%. The company uses the effective interest method of amortization. 1. Prepare an amortization table for the first two semiannual payment periods using the format shown below. 2. Prepare the journal entry to record the first semiannual interest payment. Enter answers in each of the following tabs. Prepare an amortization table for the first two semiannual payment periods using the following format. Note: Round your answers to 2 decimal places. A company issued 8%,5-year bonds with a par value of $2,070,000, on January 1 . Interest is to be paid semiannually each June 30 and December 31 . The bonds were sold at $2,225,290 based on an annual market rate of 6%. The company uses the effective interest method of amortization. 1. Prepare an amortization table for the first two semiannual payment periods using the format shown below. 2. Prepare the journal entry to record the first semiannual interest payment. Enter answers in each of the following tabs. Prepare the journal entry to record the first semiannual interest payment. Note: Round your answers to 2 decimal places. Journal entry worksheet Record the first semiannual interest payment on June 30 . Note: Enter debits before credits