On December 31, 2015, when the market rate was 12%, Olde West Corp issued $5,000,000, 14%, 5-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were issued for $5,368,035, and the corporation uses the effective interest method of amortizing bond premium or discount. Required: a) Journalize the issuance of the bond b) Prepare an amortization schedule for the first five payment periods c) Journalize the first two interest payments