Exercise 10-7 (Algo) Straight-Line: Amortization table and bond interest expense LO P2 [The following information applies to the questions displayed below]. Duval Company issues four-year bonds with a $101,000 par value on January 1,2021 , at a price of $96,990. The arnual contract rate is 8%, and interest is paid semiannually on June 30 and December 31 Exercise 10-7 (Algo) Part 1 1. Prepare a straight-line amortization table for these bonds. (Round your answers to the nearest dollor amount) Required informotion Exercise 10-7 (Algo) Straight-Line: Amortization table and bond interest expense LO P2 [The following information applies to the questions displayed below.] Duval Company issues four-year bonds with a $101,000 par value on January 1,2021 , at a price of $96.990. The annual contract rate is 8%, and interest is paid semiannually on June 30 and December 31 . Exercise 10-7 (Algo) Part 2 2. Prepare joumal entries to record the first two interest payments. (Round your onswers to the nearest dollor amount)