On January 1, 2015, Methodical Manufacturing issued 100 bonds, each with a face value of $1,000, a stated interest rate of 9 percent paid annually on December 31, and a maturity date of December 31, 2017. On the issue date, the market interest rate was 8.25 percent, so the total proceeds from the bond issue were $101,920. Methodical uses the straight-ine bond amortization method and adjusts for any roundin errors when recording interest in the final year. Required: 1. Prepare a bond amortization schedule. Changes During the Period Ending Bond Liability Balances Period Ended Cash Premium Interest Bonds Paid Amortized Expense P Premium Carrying on Bonds Value Payable Payable 0 01/01/15 12/31/15 12/31/16 12/31/17 0 0 0 2-5. Complete the required journal entries to record the bond issue, interest payments on December 31, 2015 and 2016, bond retirement. Assume the bonds are retired on January 1, 2017, at a price of 105. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)