Mechanical Autoparts Inc. issued $120,000 of 5%,10-year bonds at a price of 90 on January 31,2020 . The market interest rate at the date of issuance was 8%, 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 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 . (Record debits first, then credits. Explanations are not required.) Start by recording the issuance of bonds on January 31,2020