On December 31, 2020, Biovail Connections issued 3%, 10-year bonds payable with a maturity value of $520,000. The semi-annual interest dates are June 30 and December 31. The market interest rate is 4%, and the issue price of the bonds is 91.8077. Biovail Connections amortizes bonds by the effective-interest method. Requirements Requirement 1. Prepare an effective interest-method amortization table for the first four semi-annual interest periods. (Round your answers to the nearest whole dollar.) Biovail Connections Amortization Table A B D E Interest Interest Expense Payment (2% of Discount Discount Account Bond Carrying Semi-annual Amortization Balance Amount (1.5% of Maturity Value) Preceding Bond Carrying Amount) Interest Date (B-A) (Preceding D-C) ($520,000 -D) 12-31-2020 6-30-2021 12-31-2021 6-30-2022 12-31-2022 Requirement 2. Journalize the following transactions. a. Issuance of the bonds at December 31, 2020. Credit Bonds Payable. (Record debits first, then credits. Explanations are not required. Round your answers to the nearest whole dollar.) Journal Entry Date Accounts Debit Credit 2020 Dec. 31 b. Payment of interest and amortization of the bonds at June 30, 2021. (Round your answers to the nearest whole dollar.) Journal Entry Date Accounts Debit Credit 2021 Jun. 30 c. Record the payment of interest and amortization of the bonds at December 31, 2021. (Round your answers to the nearest whole dollar.) Journal Entry Date Accounts Debit Credit 2021 Dec. 31 Requirement 3. Show how Biovail Connections would report the remaining bonds payable on its balance sheet at December 31, 2021. (Round your answers to the nearest whole dollar.) Biovail Connections Partial Balance Sheet December 31, 2021 Less