McGee Company issued $400,000 of 8%, 20-year bonds on January 1, 2021, at 102, a yield of 6%. Interest is payable semiannually on July 1 and January 1. McGee Company uses the effective interest method of amortization for bond premium or discount. a) Prepare the journal entries in proper form to record the following. The issuance of the bonds on January 1, 2021. The payment of interest and the related amortization on July 1, 2021. The accrual of interest and the related amortization on December 31, 2021. Indicate what would be reported on the classified balance sheet (what accounts and amounts, what liabilities) related to the bonds as of December 31, 2021. Show all calculations. You may set up an amortization schedule but are not required to do so. Provide explanations for all journal entries and include calculations in the explanations. Skip a line after each entry. Skip a line between parts