Champs Lid is authorized to issue 56,250,000 of 7 percent 10-year bonds On January 2 2020, the contract date when the market interest rate is 8 percent the company issues $5,000,000 of the bonds and receives cash of $4 660 242 Interest is paid on June 30 and December 31 each year. Required 1. Prepare an amortization table for the first four semi-annual interest penods Champs Lid amortes bond discounts by the effective interest method 2. Record the issue of bonds on January 2, the first semi-annual interest payment on June 30, and the second payment on December 31 3. Show the balance sheet presentation of the bond on the date of issue and on December 31, 2021 Requirement 1. Prepare an amortization table for the first foursomannual interest periods Chumps Lid amortizes tond discounts by the effective owest method (Round your answers to the nearest whole dollar) A Interest Payment (35% of Maturily Values) Champs Ltd Amortization Table B Interest Expense (40% of Discount Preceding Bond Amortation Carrying Amount) (B-A) D Unamortized Discount Account Balance (D-C) Bond Carrying Amount ($5.000.000 -D) Semi-annual Interest Period Jan 2, 2020 Jun 30, 2020 Dec 31, 2020 Jun 30, 2021 in the input fields and then continue to the next