Effective InterestAmortization On December 31, 2011, Echo, Inc. issued s750,000 of 11%, 10year bonds for $705,000, yielding an effective interest rate of 12%. Semiannual interest is payable on June 30 and December 31 each year. The firm uses the effective interest method to amortize the discount. Required a. Prepare an amortization schedule showing the necessary information for the first two interest periods. Round amounts to the nearest dollar. b. Prepare the journal entry for the bond issuance on December 31, 2011. Prepare the journal entry to record bond interest expense and discountamortization at June 30, 2012. d Prepare the journal entry to record bond interest expense and discount amortization at December 31, 2012. Book Value Interest Interest periodic Balance of Bonds Expense of End of period Amortization Discount Interest Year Period at issue