ABC Co. issued $500,000, 4%, 4-year bonds on January 1 , 2019, at $590,000. Annual interest is payable on December 3 1 of each year. Market rate of interest on the date of bond issuance was 3%. ABC Co. uses the effective-interest method of amortization. 1. 2. Complete the amortization table through the first two interest payments. Journalize the 2019 bond issuance. 3. Journalize the 2019 interest payment. Annual Interest Period Interest Paid Interest Amortization Premium Premium UnamortizedCarrying Cash Bond Value Expense (Cash Interest(Prior (Contract (Prior Rate Face (Market Rate Paid -BondUnamortizedCrrying Interest Value Current Premium Premium Current Premium Value) Prior CarryingExpense) Value) Amortization) Amortization) 12/31/19 12/31/20