On December 31, 2020, Wilton Ltd issues 15 percent, 10-year convertible bonds with a matunity value of $7,000,000. The semi-annual interest dates are June 30 and December 31. The market interest rates 14 percent, and the cut non of the bonds 106.68107 Required Requirement 1. Prepare an effective interest method amortization table for the first four semiannual interest penods (Round your answer to the nearest dollar) Wilton Ltd Amortization Table A B C D Interest Interest Expense Unamortized Payment (7.0% of Premiurn Premium Account Bond Carrying Semi-annual (75% of Preceding Bond Amortization Balance Amount Interest Period Maturity Values Carrying Amount (A-1) (D-C (87 000 000 DO 2020 June 30, 2021 Dec 31, 2021 June 30, 2022 Dec 31, 2022 Requirement 2. Joumalize the transactions a. Issuance of the bonds on December 31, 2020 Credit Convertible Bonds Payable (Record debits first, then credits. Exclude explanations from joumal entries.) Requirement 2. Journalize the transactions a. Issuance of the bonds on December 31, 2020. Credit Convertible Bonds Payable. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Accounts Date Debit Credit 2020 Dec 31 b. Payment of interest on June 30, 2021 Journal Entry Date Accounts Debit Credit 2021 June 30 the neyt 1. El c. Payment interest on December 31, 2021 Date Journal Entry Accounts Dec Debit 31 Credit d. Retirement of bonds with maturity value of $2,900,000 on July 2, 2022. Wilton pays the call price of 106.00 (Hold all decimals in interim calculations. Round your answer to the nearest dollar.) Journal Entry Date Accounts Debit Credit 2022 Jul 2 e Conversion by the bondholders ondulv2022 of bonds with maturity value of S3 Ann on into 46 00 Wilton Itd common shares (Hold all decimals in interim calculations. Round your answer to the nearest Hollar Choose from any list or enter any number in the input fields and then continue to the next question e. Conversion by the bondholders on July 2, 2022, of bonds with maturity value of $3,600,000 into 46,000 Wilton Ltd. common shares (Hold all decimals in interim calculations. Round your answer to the nearest dollar) Journal Entry Date Accounts Debit Credit lut 2 Requirement 3. Prepare the balance sheet presentation of the bonds payable that are outstanding at December 31, 2022 (Calculate the premium by multiplying the premium calculated in the original amortization table by the fraction remaining. Enter a minus sign for numbers to be subtracted.) Wilton Ltd. Balance Sheet (partial) December 31, 2022 Long-term liabilities Plus Choose from any list or enter any number in the input fields and then continue to the next