On January 1, 2010, Osborn Company sold 12% bonds having a maturity value of $800,000 for the present value of the bond, which provides the bondholders with a 10% yield. The bonds are dated January 1, 2010, and mature January 1, 2015, with interest payable December 31 of each year. Osborn Company allocates interest and unamortized discount or premium on the effective interest basis. a. Prepare the journal entry at the date of the bond issuance. b. Prepare the amortization table for the life of the entire bond. (please explain)