On December 31, 2020, Whitfield Corp. issued S 400,000 10% bonds, due on December 31, 2025. Interest is to be paid semi-annually on June 30 and December 31. The bonds were sold at a market value of S432,444 to yield 8% effective annual interest. Whitfield has a calendar year end Required: 1. Complete the following amortization schedule for the dates indicated. Show to the second decimal place (dollars and cents). Use the effective-interest method. (4 marks) Cash interest paid Interest expense Premium Amortization Carrying amount of bonds $432444 Dec 31,2020 June 30, 2021 Dec 31, 2021 2. Prepare the journal entry for Whitfield at December 31, 2021, to record the payment of 6 months' interest (from June 30 to December 31) and related expense. (3 marks) Debit Credit 3. Assume instead that Whitfield is using the straight-line method to amortize the bond premium. What would be the carrying amount of the bonds at December 31, 2021? MacBook Pro 80 Go F Dil FB Db 14 e FVO M $ A & 4 5 00 + 6 7 9 O 0 Il R T Y U 0 a