On December 31, 2021, Zugaboo Corporation issues 7%, 10-year convertible bonds payable with a face value of $2,500,000. The semiannual interest dates are June 30 and December 31. The market interest rate is 8%. Zugaboo amortizes bond discounts using the effective-interest method. Read the requirements. Requirement 1. Use the PV function in Excel to calculate the issue price of the bonds. (Round your answer to the nearest whole dollar.) The issue price of the bonds is Requirement 2. Prepare an effective-interest method amortization table for the first four semiannual interest periods. (Round your answers to the nearest whole dollar.) Semiannual Interest Date Interest Payment Interest Expense Zugaboo Corporation Amortization Table Discount Amortization Discount Account Bond Carrying Balance Amount 12-31-2021 6-30-2022 12-31-2022 6-30-2023 12-31-2023 Requirement 3. Journalize the following transactions. (Record debits first, then credits. Exclude explanations from all journal entries.) a. Record the issuance of the bonds on December 31, 2021. Credit Convertible Bonds Payable. (Round your answers to the nearest whole dollar.) Date 2021 Dec 31 Journal Entry Accounts Debit Credit b. Record the payment of interest and amortization of the bonds on June 30, 2022. (Round your answers to the nearest whole dollar.) Jun Date 2022 30 Journal Entry Accounts Debit Credit c. Record the payment of interest and amortization of the bonds on December 31, 2022. (Round your answers to the nearest whole dollar.) Date 2022 Dec 31 Journal Entry Accounts Debit Credit d. Record the conversion by the bondholders on July 1, 2023, of bonds with a total face value of $1,000,000 into 40,000 shares of Zugaboo's $1-par common stock. (Round your answers to the nearest whole dollar.) Date 2023 Jul 1 Journal Entry Accounts Debit Credit