Bond Interest Payments and Interest Expense (Effective Interest) On January 1, 2023, Hawthorne Corporation issued for $312,989,5-year bonds with a face amount of $300,000 and a stated (or coupon) rate of 6%. The bonds pay interest annuslly and hove an effective interest rate of 5%. Assume Hawthome uses the effective interest rate method. Requked: 1. Prepare the entry to record the sale of the bonds. If an amount box does not require an entry, leave if biank. 26 2. Calculste the amount of the interest pavments for the bonds. 3. Prepare the amortizabon table through 2024. If an amount box does not require an entry, leave it blank and if the answer is zero, entar "0", If required, round your answers to the nearest whole dollor. Hawthorne Corporation Amertization Table 3. Prepore the amortitation table through 2024, If an amount box does not require an entry, leave it blank and if the answer is zero, enter "ort. If required, round your answers to the nemrest whole dollar. Hawthorne corporation Amortiration Table 4. Hrepare the jhurnai entry for December 31, 2023 to record the payment of interest and the reiated interent expense. If an amount bor does not retuire an entry leave it blank. If required, round your answers to the nearent whole dellar. 30230 5. Catculate the annual intecest erpente for 2023 and 2024 . If required, round your answers to the nearest whole doliar. 2023 2024