On January 1, 2017, LeMahieu Corporation sold a $600,000, 8% APR bond issue (7% APR market rate) for $620,621. The bonds were dated January 1, 2017, pay interest each June 30 and December 31, and mature in 4 years. Required 1. Prepare the journal entry to record the issuance of the bonds. 30 31, 2017, using the effective-interest amortization method. 3. Show how the bond interest expense and bonds payable amounts should be reported on the December 31, 2017 income statement and balance sheet