On 1/1/21, Chocolate Hearts Inc. issued a bond with the following features:

Maturity Value $724,000 Maturity Date 1/1/31 (in 10 years)

Stated Interest 4% Market Interest 5%

Interest Payments Annually starting 1/1/22

1. The selling price of the bond is (includes both principle and interest):
2. Amortization Schedule for the first 4 years. Round to the nearest whole dollar

Date	Interest Paid	Interest Expense	Amortization	Carry Value
1/1/21
1/1/22
1/1/23
1/1/24
1/1/25

3. What is the initial journal entry on 1/1/21 for this Bond? (3 points)
4. What is the journal entry on 1/1/22 for this Bond?

Please show work and do not post answer on paper.