Call Option 3559 Problem 1 (15 points) Show All Work. Tower Company issued a $1,000,000, 6% bond, at 92 on January 1, 2018 maturing in 5 years, interest paid semiannually, on each June 30 and December 31. The market rate of interest on January , was 8%. Required: 1. Prepare an effective interest schedule for 2 years, 2018 and 2019. 2. Prepare the journal entry to record the interest on June 30, 2018