On December 31, 2020, Sulley Corp. issued $3,000 of 7%, 10-year, annual bonds for cash of $2,795. The market rate is 8%.

1. Prepare an amortization table for these bonds through December 31, 2024.

2. Record the December 31, 2020, issuance of these bonds in a journal entry.

3. Record the December 31, 2021, interest payment in a journal entry.

4. Record the December 31, 2022, interest payment in a journal entry.