On Jan 1 2022, Company issued 1,550,000 of $1,00 par value 8%, 6 year bonds, Interest payable semiannually each January 1 & July 1 with the 1st interest payment due at the end of the period on July 1,2022. The market rate of interest for similar nonconvertible bonds on the date of the bond issue was 10%. The bonds were sold for 41,704,287, yielding an effective rate of 6%. Each bond is convertible into 20 shares of Company's $1 par value common stock.

1. Prepare amortization table

2. Prepare journal entry to record the bond issue

3. Prepare journal entry to record 1st interest payment

4. Bonds converted on January 1, 2025. Prepare journal entry to record the bond conversion