K Mechanical Autoparts Inc. issued $150,000 of 9%, 10-year bonds at a price of 86 on January 31, 2020. The market interest rate at the date of issuance was 12%, and the standard bonds pay interest semi-annually. 1. Prepare an effective-interest amortization table for the bonds through the first three interest payments. 2. Record Mechanical's issuance of the bonds on January 31, 2020, and payment of the first semi-annual interest amount and amortization of the bonds on July 31, 2020. Explanations are not required.