On January 1, 2015, Plum Tree Corporation sold a $1,000,000, 10 percent bond issue (12 percent annual market rate). The bonds were dated January 1, 2015, pay interest each June 30 and December 31, and mature in three years. Required: Calculate the issuance price of the bonds. Then, prepare the journal entry to record the issuance of the bonds. Round to the nearest whole number Prepare an effective-interest amortization table. Using the table, prepare the journal entry to record the interest payment on June 30 & December 31, 2015. Post the entries into the T accounts below for the year ended December 2015. Determine the balance in each Account: How much interest expense would be reported on the income statement for the year ended 2015? Show how the liability related to the bonds should be reported on the December 31, 2015, balance sheet