Blue Spruce Corporation issued $530,000, 7%. 20-year bonds on January 1, 2022, for $477.965. This price resulted in an effective- interest rate of 8% on the bonds. Interest is payable annually on January 1. Blue Spruce uses the effective-Interest method to amortize bond premium or discount. (21) Your answer is correct. Prepare the schedule using effective interest method to amortize bond premium or discount of Blue Spruce. (Round answers to o decimal places, eg. 5,275.) to Be Recorded Amortization Discount Carrying Value $ 52035 $ 477965 38237 1137 50898 479102 38328 1228 49670 480330 e Textbook and Media List of Accounts Attempts: 1 of 5 used (a2) Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Jan. 1. 2022 e Textbook and Media (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above