Bonds Payable Sold at a Discount; Effective Interest Amortization On December 31, Doggett Company issued 51,600,000 of ten year, nine percent bonds payable for $1.500,464, yielding an effective interest rate often percent. Interest is payable semiannually on June 30 and December 31, Determine the financial statement effect of (a) the issuance of the bonds (b) the first semiannual interest payment and discount amortization (effective interest method) on June 30 (c) the second semiannual interest payment and discount amortization on December 31 Round amounts to the nearest dollar Equity Net Income Transaction allend issuance interest payment and discount amortization c. Second interest payment and discount amortization Assets 1,500 464 (1.600,000) 1.600.000) Balance Sheet Labilities 1.500,464 (1,600,000) (1.600.000) Income Statement Expenses D 11,600,0001 11,800,0001 M Revenues 0 D B (600.000) (1.600.000 11.600.000) (100,000 Check