On December 31, 2009 Sungura Importers issued 6% bonds with a face amount of $1,000,000. The bonds sold for $827,080 and mature in 15 years. The effective interest rate for these bonds was 8%. Interest is paid semiannually on June 30 and December 31. Sungura's fiscal year is the calendar year. Required: 1. Prepare the journal entry of the issuance of bonds. 2. Prepare the amortization schedule for bond discount, from the issue date through June 30, 2012, assuming effective interest method for the amortization of bond discount. 3. Prepare the journal entry for the interest payment on June 30, 2010, assuming the effective interest method. 4. Prepare the journal entry for the interest payment on June 30, 2010, assuming the straight-line method for the amortization of bond discount. 5. Sungura retired the bonds on January 1, 2012 for 103. Prepare the journal entry for the retirement of the bonds assuming: a. Effective interest method for the amortization of discount on bonds payable b. Straight-line method for the amortization of discount on bonds payable. th regards