C. Assume that the market interest rate is 8%. 1. Prepare the journal entry to record the issuance of the bonds on January 1, 2023. 2. Construct a bond amortization table for the bonds that shows the amounts of interest expense and amortization at each June 30 and December 31 . 3. Prepare journal entries on June 30, 2022, and December 31, 2023. 4. On December 31, 2027, ABC Co. repays the principal of $100,000 plus the final coupon payment of $3,000. Prepare all necessary journal entries. 5. Instead, assume that on January 1,2027 , when the carrying value of the bonds is $96,371,ABC Co. retires all the bonds at 98 (i.e., $98,000 ). Prepare all necessary journal entries. * The sum of the 10 amounts shown equals $8,113. The $2 difference is due to rounding