Indigo Co. sells $414,000 of 12% bonds on June 1, 2020. The bonds pay interest on December 1 and June 1. The due date of the bonds is June 1, 2024. The bonds yield 10%. On October 1, 2021, Indigo buys back $136,620 worth of bonds for $143,620 (includes accrued interest). Give entries through December 1, 2022. Prepare a bond amortization schedule using the effective-interest method for discount and premium amortization. Amortize premium or discount on interest dates and at year-end. (Round answers to O decimal places, e.g. 38,548.) Schedule of Bond Discount Amortization Effective-Interest Method Bonds Sold to Yield Date 5/1/20 $ 12/1/20 5/1/21 12/1/21 5/1/22 12/1/22 5/1/23 12/1/23 5/1/24 Cash Paid Interest Expense *Difference due to rounding $ Premium Amortized SA $ Carrying Amount c Bonds Prepare all of the relevant journal entries from the time of sale until December 31, 2022. (Assume that no reversing entries were made.) (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answers to O decimal places e.g. 58,971. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation 6/1/20 12/1/20 12/31/20 6/1/21 10/1/21 (To record interest expense and premium amortization) Debit Credit 10/1/21 12/1/21 (To record buy back of bonds) 12/31/21 6/1/22 12/1/22