Ivving Inc. issued bonds with a $800,000 face value, 7% interest rate, and a 5-year term on July 1,2018 and received $784,000. Interest is payable annually. The discount is amortized using the straight-line method. 1. Prepare the amortization table, assuming straightline amortization 2. Journalize the Issuance of bonds on July 1,2018 3. Journalize the payment of interest and amortization of discount on June 30,2019 4. Prepare the Bonds Payable section of the balance sheet as of July 1,2018 and June 30,2019 Discount amortization schedule - straight line method Balance Sheet Presentation As of Bonds Payable July 12018 June 302019 Less: Discount on Bonds Payable Carrying (Book) Value