Ann Marrie Company sold $3,000,000, 10-year bonds on January 1, 2019. The bonds were dated January 1, 2019 and pay interest on January 1. The Amortization table is shown below. Amortization Table of Bonds Annual Interest to Interest Discount Unamortized Bond Carrying Interest be paid Expense to be Amortization Discount Value Periods (A) recorded (B) (C) (D) (E) 60,000 2,940,000 1 240,000 246,000 6,000 54,000 2,946,000 2 240,000 246,000 6,000 48,000 2,952,000 3 240,000 246,000 6,000 42,000 2,958,000 Required: 1. Prepare the journal entry to record the issuance of the bonds. 2. Calculate the percentage of bonds' interest. 3. Calculate the percentage of market's interest. 4. Prepare the journal entry to record interest expense for 2020