On December 31, 2017, Plank Corporation issued $800,000, 6%, 5-year bonds for $735,100. The bonds were sold to yield an effective-interest rate of 8%. Interest is paid annually on December 31. The company uses the effective-interest method of amortization. Prepare a bond discount amortization schedule which shows the amortization of discount for the first two interest payment dates. (Round answers to 0 decimal places, e.g. 5,275.) PLANKCORPORATION Bond Discount Amortization Effective-Interest Method-Annual Interest Payments 6% Bonds Issued at 8% Interest Periods Interest to Be Paid Interest Expense Discount Amortization Unamortized Discount Carrying Value of Bonds 12/13/17 (Issue date) 12/31/18 $ 12/31/19 Prepare the journal entries that Plank Corporation would make on December 31, 2017, December 31, 2018 and December 31, 2019 related to the bond issue. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually. Round answers to o decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Dec. 31, 2017