Analyzing and Reporting Financial Statement Effects of Bond Transactions

On January $1$ of the current year, Trueman Corporation issued $$300,000$ of $20-$year, $11\%$ bonds for $$277,431,$ yielding a market $($yield$)$ rate of $12\%.$ Interest is payable semiannually on

June $30$ and December $31.$

$($a$)$ Confirm the bond issue price.

Round answers to the nearest whole number.

$($b$)$ Indicate the financial statement effects using the template for $(1)$ bond issuance, $(2)$ semiannual interest payment and discount amortization on June $30,$ and $(3)$ semiannual interest

payment and discount amortization on December $31$ of the current year.

Round answers to the nearest whole number. Use negative signs with answers, when appropriate.