General Autoparts Inc. issued $120,000 of 7%, 10-year bonds at a price of 87 on January 31, 2020. The market interest rate at the date of issuance was 10%, and the standard bonds pay interest semi-annually. 1. Prepare an effective-interest amortization table for the bonds through the first three interest payments. 2. Record General's issuance of the bonds on January 31, 2020, and payment of the first semi-annual interest amount and amortization of the bonds on July 31, 2020. Explanations are not required. 1. Prepare an effective-interest amortization table for the bonds through the first three interest payments. (Round your answers to the nearest whole dollar.) Semi-annual Interest Date Jan. 31, 2020 July 31, 2020 Jan. 31, 2021 July 31 2021 General Autoparts Amortization Table A B C Interest Payment (3.5% of Maturity Value) Interest Expense (5% of Bond Discount Amount) D Bond Discount (Preceding D-C) Preceding Bond Carrying Amortization (B Account Balance -A) E Bond Carrying Amount ($120,000 -D)