On January $1,2020,$ Pirate Industries issued $$900,000$ bonds

payable with a stated interest rate of $4\%.$Interest is paid

semiannually, each June $30$ and December $31.$ The bonds mature

in $5$ years. The bonds sold to yield an effective rate of

$6\%.1.$ Prepare the journal entry Pirate Industries will make when

they issue the bonds on January $1,2020.2.$ Prepare an effective interest rate table $($amortization

schedule$)$ for the bonds for the period from January $1,2020$ through

December $31,2023.$