Krueger Associates issued $1,100,000 par value. 4-year, zero-coupon bonds on January 1, 2022. The market rate of interest on the date of the bond issue was 3%. Bond issue costs are $3,000. The company's fiscal year ends on December 31. Read the requirements. Requirement a. Determine the issue price of the debt. (Use a financial calculator or a spreadsheet for your calculations. Round your final answer to the nearest whole dollar.) The issue price of the debt = Requirement b. Find the effective interest rate after considering bond issue costs. Prepare the amortization table for the bond issue assuming that Krueger uses the effective interest rate method of amortization. First, find the effective interest rate after considering bond issue costs. (Use a financial calculator or a spreadsheet for your calculations. Round your answer to four decimal places.) The effective interest rate after considering bond issue costs = % Prepare the amortization table for the bond issue assuming that Krueger uses the effective interest rate method of amortization. (Complete all answer boxes. Enter a "0" for any zero balances. Use an interest rate rounded to four decimal places, X.XXXXXX%, when completing the table. Round each calculation to the nearest whole number and then use the rounded value for each subsequent calculation in the table.) Date January 1, 2022 December 31, 2022 December 31, 2023 Cash Interest Effective Interest Discount/Premium Amortization Carrying Value December 31, 2024 December 31, 2025 Requirement c. Prepare the journal entries to record the bond issue and the entry on December 31, 2022. Assume that the company uses a discount or premium account if needed. (Record debits first, then credits. Exclude explanations from any journal entries. Use the rounded values from previous calculations.) Begin by recording the issuance of the bonds payable. Account Record the interest adjustment on December 31, 2022. Account January 1, 2022 December 31, 2022 Requirement d. Describe the income statement, balance sheet, and cash flow statement effects in 2022 of the bond issue and the amortization of discount. (If an input field is not used in the table, leave the field empty; do not select a label. Assume the direct method of reporting cash flows from operating activities on the statement of cash flows. Abbreviation used: RE = retained earnings.) Event Bond issue Balance Sheet Income Statement Statement of Cash Flows Amortization of discount Requirement e. The bonds are retired early on September 30, 2023, for $1,042,000. Prepare the journal entry. (Record debits first, then credits. Exclude explanations from any journal entries. Use the rounded values from previous calculations, and round the amounts you enter into the journal entry tables to the nearest whole dollar.) Begin by updating the accounts for interest on the bonds for January 1, 2023 through September 30, 2023. Account September 30, 2023 Now record the retirement of the bonds on September 30, 2023, for $1,042,000. Account September 30, 2023