On December 31, 2024, when the market interest rate is 10%, Vincent Realty issues $700,000 of 7.25%,10-year bonds poyable. The bonds poy intorest sorriannualy. The present vaue of the bonds at issuance is $580,123. Requirements 1. Propare an amortization table using the ofective interest amortization method for the firsi two semiannual interest periods. (Round to the nearett dolar.) 2. Using the amortization table prepared in Requirement 1, journalize issuance of the bonds and the first two interest payments. at issuance is 3555.043 . Requiremonts 1. Prapare an amortization table using the effective intorest amorization method for the first two semiannuad iniorost periods. (Round to the noareat dolar ) 2. Using the amortization table prepared in Fequirement 1. joumalize issuance of the bonds and the first the inlierest pasmentm on the tast line of the jourisal entry Round your answere to the nearest whole datar) Start by joumulizing the issuance of the bonds on December 31, 202.4. Joumalize the payment of the first stemiannual interest amours and amarization of the bond on June 30.2025. On December 31, 2024, when the market interest rate is 14\%, Lee Realty issues $650,000 of 11,25%, 10-year bonds payatle. The bonds pay interest semiannually. The present vaiue of the at issuance is $555,043. Requirements 1. Prepare an amortization table using the effective interest amortization mothod for the first two semiannual interest periodr. (Round to fhe nearest dollar.) 2. Using the amorization table prepared in Requirement 1, joumalize issuance of the bonds and the first two interest paymerts. Joumaliat the payment of the first semiannual interest amount and amorization of the bond co June 30,2025. Joumalze the payment of the second semiannual interest amount and amortization of the bond on December 31,2025