Mitchell Inc. issued 40, 6%, $1,000 bonds on January 1, 2020. The bonds pay cash interest semiannually each July 1, and December 31, and were issued to yield 7%. Debt issuance costs were $800. The bonds mature December 31, 2022, and the company uses the effective interest method to amortize bond discounts and debt issuance costs. Required a. Determine the selling price of the bonds, net of debt issuance costs. Round to the nearest dollar. b. Prepare an amortization schedule for the full bond term. c. Prepare journal entries on the following dates. 1. January 1, 2020, bond issuance. 2. July 1, 2020, interest payment. 3. December 31, 2020, interest payment. Bond Selling Price Amortization Schedule Journal Entries b. Note: Round amounts in schedule to the nearest whole dollar. Use rounded amounts for later calculations in the schedule. Note: Include any net rounding difference for Bond Payable, Net in the interest expense amount for Dec. 31, 2022. Date Jan. 1, 2020 Cash Interest Expense Discount Amortization Bonds Payable, Net $ 0 July 1, 2020 $ 0 $ 0 $ 0 0 Dec. 31, 2020 0 0 0 0 July 1, 2021 0 0 0 0 Dec. 31, 2021 0 0 0 0 July 1, 2022 0 0 0 0 Dec. 31, 2022 0 0 0 0