On January 1, 2013, Popeye's issued $5,000,000 face amount of 6% bonds.These bonds are dated January 1, and mature in 5 years, with semiannual interest payments.The market rate of interest at the time of issue was 7%, and the bonds priced at $4,792,085.Popeye's uses the effective-interest method of amortization.

(a)Prepare a 5-year amortization table for Popeye's bonds.

(b)Prepare 2013's entries for these bonds; specifically, the initial bond issuance, the June 30 interest payment, and the December 31 interest payment.

(c)Demonstrate the appropriate balance sheet presentation for the bonds, as of December 31, 2015.