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Interest Tables On January 1, 2023, ScarCo issued $700,000,12-year, 12% bonds when market rate was 11%. REQUIRED: (1) Determine amount of cash received on January 1, 2023 (must use the 4-step process to show work). Prepare the necessary journal entry. (2) Determine the amount of interest expense and amortization on 6/30/23 using straight-line method. Prepare the necessary journal entry. (3) Determine the amount of interest expense and amortization on 12/31/23 using straight-line method. Prepare the necessary journal entry. (4) Determine the amount of interest expense and amortization on 6/30/23 using effective interest method. Prepare the necessary journal entry. (5) Determine the amount of interest expense and amortization on 12/31/23 using effective interest method. Prepare the necessary journal entry