Instructions The following transactions were completed by Winklevoss Inc., whose fiscal year is the calendar year Year 1 July Dec Year 2 June 1 Issued $74,000,000 of 20-year, 11% callable bonds dated July 1, Year 1, at a market (effective) rate of 13%, receiving cash of $63,532,267. Interest is payable semiannually on December 31 and June 30. 31 Paid the semiannual interest on the bonds. The bond discount amortization of $261,693 is combined with the semiannual interest payment 31 Closed the interest expense account 30 Dec. 31 Paid the semiannual interest on the bonds. The bond discount amortization of $261,693 is combined with the semiannual interest payment Paid the semiannual interest on the bonds. The bond discount amortization of $261,693 is combined: with the semiannual interest payment 31 Closed the interest expense account