Note Interest Payment and Interest Expense (Effective Interest) Cardinal Company sold $181,000 of 10-year, 8 percent notes for $175,075. The notes were sold December 31, 2011, and pay interest semiannually on June 30 and December 31. The effective interest rate was 10 percent. Assume Cardinal uses the effective interest rate method. 1. Prepare the entry to record the sale of the notes. If an amount box does not require an entry, leave it blank. Dec. 31 Record issuance of notes at discount 2. Determine the amount of the semiannual interest payments for the notes 3. Prepare the amortization table through 2013. If an amount box does not require an entry, please enter zero (""). If required, round your answers to the nearest whole dollar. Cash Payment (Credit) Discount on Notes Payable (Credit) Interest Expense (Debit) Discount on Notes Payable Balance Period Carrying Value At issue 6/30/12 12/31/12 6/30/13 12/31/13 4. Prepare the entry for Cardinal's journal at June 30, 2012 to record the payment of six months' interest and the related interest expense. If an amount box does not require an entry, leave it blank. If required, round your answers to the nearest whole dollar Jun 30 Record interest expense 5. Determine interest expense for 2013. If required, round your answer to the nearest whole dollar