On December 1, 2019, Tobin Corporation issued a $250,000, 8%, 3-year bond for $243,553. Interest is paid semi-annually beginning June 1, 2020. Tobin has a year-end of March 31. The market interest rate is 9% on the date of issue. REQUIRED: 1 Using the effective interest method, prepare an amortization schedule for the bond in the space provided below for ALL payments. (3 marks) ROUND ALL CALCULATIONS TO THE NEAREST DOLLAR. Cash Interest Interest Prem/Disc Unamort. Period Ending Paid Expense Amort. Prem/Disc Carrying Value Dec 1, 2019 June 1, 2020 Dec 1, 2020 June 1, 2021 Dec 1, 2021 June 1, 2022 Dec 1, 2022 2 In the space below your schedule, record the journal entry for the issuance of the bond on December 1, 2019; the adjusting entry to accrue the bond interest on March 31, 2020 (Tobin's year-end); and the payment of the interest on June 1, 2020. (9 marks) Account Titles Debit Credit Date Dec 1, 2019 Mar 31, 2020 June 1, 2020 3 Tobin decides to retire 25% of the bonds issued, immediately after the first interest payment on June 1, 2020. The bonds are callable at 101. Prepare the journal entry and show your calculations. (4 marks) Account Titles Debit Credit Date June 1, 2020