Ivanhoe Corporation issued $3.12 million of 7-year, 3% bonds dated January 1, 2021, for $2,755,244. The market interest rate when the bonds were issued was 5%. Interest is payable semi-annually on January 1 and July 1. Ivanhoe has a December 31 year end. Prepare an amortization schedule for the first three interest payments. (Round answers to 0 decimal places, e.g. 5,276.) IVANHOE CORPORATION Bond Amortization Table Effective Interest Method-Semi-Annual Interest Payments 3% Bonds Issued at market rate of 5% Interest Payment Interest Expense Discount Amortization Date Bond Amortizer Jan. 1, 2021 $ $ $ $ July 1, 2021 Jan. 1, 2022 July 1, 2022 Prepare the journal entry to record the first interest payment on July 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit July 1, 2021 (To record interest payment.) Prepare the adjusting Journal entry on December 31, 2021, to accrue the interest expense. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and entero for the amounts.) Date Credit Debit Account Titles and Explanation Dec 31, 2021 To accrue interest expense) Prepare the journal entry for the payment of interest on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Date Jan. 1, 2022 To record interest payment