On January 1, 2012, Ross Corporation issued $1,765,000 face value, 8%, 10- year bonds at $1,548,097. This price resulted in an effective-interest rate of 10% on the bonds. Ross uses the effective-interest method to amortize bond premium or discount. The bonds pay annual interest January 1. (a) Prepare the journal entry to record the issuance of the bonds on January 1, 2012. (Round answers to 0 decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Beryl Forman has just approached a venture capitalist for financing for her new business venture, the development of a local ski hill. On July 1, 2011, Beryl was loaned $269,000 at an annual interest rate of 5%. The loan is repayable over 5 years in annual installments of $62,132, principal and interest, due each June 30. The first payment is due June 30, 2012. Beryl uses the effective-interest method for amortizing debt. Her ski hill company's year-end will be June 30. (a) Prepare an amortization schedule for the 5 years, 2011-2016. (Round answers to 0 decimal * Amount may be off due to rounding