MR > SR 10% 9% Discount In order to provide funding for its Accounting Lovers' Center project. Harris Development issued 9 bonds with a face amount of $520,000 on November 1, 2021. SR The bonds sold for $475,389, a price to yield the market rate of 10%. The bonds mature October 31, 2041 (20 years). MR n=40 9/2 = 4.5 Interest is paid semiannually on April 30 and October 31 and is determined using the effective interest method. The fiscal year ends December 31 for Harris Development. Required: 1. Prepare an amortization schedule through 4/30/24 and record any necessary journal entries from issuance of the bonds at 11/1/21 to 12/31/23. 4.5% 5% FVXJR% CVX MK+% Date cash value interest exp| Amort. DISC. | Discount Bal. I carrying value! 1/1/21 4/30/21 23,400 23,769 369 44.611 475,389 44,242 475,758 10/31/21 23,400 23,788 4/30/22 23.400 23,807 10131122 23,400 23,828 388 43.854 476,146 407 43,447 476,533 428 43,019 476,961 4/30/23 23,400 23,848 448 42.571 477,409 12/31/23 23,400 23.894 10/31/23 23,400 23,870 470 42.101 477,879 494 41,607 478,373 11/1/21 cash 475,389 DISC. BIP 44,611 BIP 520,000