On January $1,2019,$ Calvert Company issues $11\%,$ $$100,000$ face value bonds for $$103,587\mathrm{.}53,$ a price to yield $9\%.$ The bonds mature on December $31,2020.$ Interest is paid semiannually on June $30$ and December $31.$

Required:

$1.$ Prepare a bond interest expense and premium amortization schedule using the straight$-$line method.

$2.$ Prepare a bond interest expense and premium amortization schedule using the effective interest method.

$3.$ Prepare the journal entries to record the interest payments on June $30,2019,$ and December $31,2019,$ using both methods.