Martinez Corporation wished to raise money for a series of upcoming projects. On July 1, 2020, the company issued bonds with a face value of $5,485,000 due in 5 years, paying Interest at a face rate of 8% on January 1 and July 1 each year. The bonds were issued to yield 6%. Martinez used the effective interest method of amortization for bond discounts or premiums. The company's year-end was September 30, Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Calculate the premium or discount on the bonds. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and answers to O decimal places, e.g. 5,275.) Premium : on bonds List of Accounts Prepare a complete Bond Premium/Discount Amortization Schedule (.e. all five years) for Martinez Corporation. (Round answers to e.g. 5,275.) decimal places Date Cash Pald Interest Expense Amortized Carrying Amount 1-Jul-2020 1-Jan-2021 $ 1-Jul-2021 1-Jan-2022 1-Jul-2022 1-Jan-2023 1-Jul-2023 1-Jan-2024 1-Jul-2024 1-Jan-2025 1-Jul-2025 List of Accounts Prepare the journal entry to record the issue of the bonds. (Round answer to O decimal places, . 5,275. 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.) Debit Credit Date Account Titles and Explanation July 1, 2020 List of Accounts Prepare any required accrual entry at September 30, 2020. (Round answer to decimal places,.. 5,275. 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 o for the amounts.) Debit Credit Date Account Titles and Explanation Sept. 30, 2020 Aceietanre Used