Blossom Corporation issued $2.22 million of 7-year, 1% bonds dated January 1, 2021. for $1.941.537. The market interest rate when the bonds were issued was 3%. Interest is payable semi-annually on January 1 and July 1. Blossom has a December 31 year end. Prepare an amortization schedule for the first three interest payments.(Round answers to decimal places, s. 5.276) BLOSSOM CORPORATION Bond Amortization Table Effective Interest Method Semi Annual Interest Payments 14. Bonds Issued at market rate of 3% Interest Payment Interest Expense Discount Amortization Bond Amortized Cost Date $ $ Jan. 1.2021 $ July 1, 2021 Jan. 1.2022 July 1.2022 Prepare the journal entry to record the first interest payment on July 1, 2021. (Credit account titles are automatically indented when the amount is entere entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit July 1, 2021 Credit (To record interest payment.) Prepare the adjusting journal entry on December 31, 2021, to accrue the interest expense. (Credit account titles are automatically indented when manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Dec 31, 2021 (To accrue interest expense.) Prepare the journal entry for the payment of interest on January 1, 2022. (Credit account titles are automatically indented when the amount is entered D required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Jan 1, 2022 To record interest payment.)