On December 31, 2020, Wilton Ltd. issues 15 percent, 10-year convertible bonds with a maturity value of $7,000,000. The semi-annual interest dates are June 30 and December 31. The market interest rate is 14 percent, and the issue price of the bonds is 106.68107 Required Requirement 1. Prepare an effective-interest-method amortization table for the first four semi-annual interest periods. (Round your answer to the nearest dollar.) Wilton Ltd. Amortization Table A B E Interest Payment (75% of Maturity Values) Interest Expense (70% of Preceding Bond Carrying Amount) Premium Amortization (A-B) Unamortized Premium Account Balance (0-C) Bond Carrying Amount ($7,000,000 D) Semi-annual Interest Period 2020 June 30, 2021 Dec 31, 2021 June 30, 2022 Dec 31, 2022 Requirement 2. Journalize the transactions the halen arahat 2020 Can Rus Pavah Rohitetit then predite Flavnlanation from Required sige a. Issuance of the bonds on December 31, 2020. Credit Convertible Bonds Payable. (Record debits first, then credits. journal entries.) me mit Journal Entry Accounts Date Debit Credit 2020 Dec. 31 b. Payment of interest on June 30, 2021 Journal Entry Accounts Date Debit Credit 2021 June 30 Choose from any list or enter any number in the input fields and then continue to the next question C. Payment of interest on December 31, 2021. Journal Entry Date Accounts Debit Credit Dec. 31 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 decim calculations. Round your answer to the nearest dollar.) Journal Entry Date Accounts Debit Credit 2022 2 NE 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 Jul 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 of bonds 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 question 2