Bond Interest Payments and Interest Expense (Effective- Interest) On January 1, 2023, Hawthorne Corporation issued for $156,494,5-year bonds with a face amount of $150,000 and a stated (or coupon) rate of .6\%. The bonds pay interest annually and have an effective interest rate of 5%. Assume Hawthorne uses the effective interest rate method. Required: 1. Prepare the entry to record the sale of the bonds. If an amount box does not require an entry, leave it blank: 20i 2. Calculate the amount of the interest payments for the bonds. 3. Prepare the amortization table through 2024. If an amount box does not require an entry, leave it blank and if the answer is zero, enter " 0 ". If required, round your. answers to the nearest whole dollar. Hawthorne Corporation Amortization Table 3. Prepare the amortization table through 2024. If an amount box does not require an entry, leave it blank and if the answer is zero, enter "0". If required, round you answers to the nearest whole dollar. Hawthorne Corporation Amortization Table 4. Prepare the journal entry for December 31, 2023 to record the payment of interest and the related interest expense. If an amount box does not require an entry, leave it blank if required, round your answers to the nearest whole dollar. 2023Dec 5. Calculate the annual interest expense for 2023 and 2024 . If required, round your answers to the nearest whole dollar. 2023 2024