On January 1, 2017. Surreal Manufacturing issued 750 bonds, each with a face value of $1.000, a stated interest rate of 3.50 percent paid annually on December 31, and a maturity date of December 31, 2019. On the issue date, the market interest rate was 4.00 percent, so the total proceeds from the bond issue were $739,596. Surreal uses the effective-interest bond amortization method. Required: 1. Prepare a bond amortization schedule. (Round your final answers to the nearest whole dollar.) Changes During the Period Ending Bond Liability Balances Period Ended Interest Expense Cash Paid Discount Amortized Bonds Payable 01/01/17 Discount on Bonds Carrying Value Payable 10,404 739,596 7,070 742,930 3,603 746,397 0 750,000 12/31/17 29,584 29,717 29,853 12/31/18 12/31/19 750,000 750,000 750,000 750,000 26,250 26,250 26,250 3,334 3,467 3,603 2. Prepare the journal entry to record the bond issue. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the interest payments on ecember 31, Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2018 29,717 Interest expense Discount on bonds payable Cash 3,467 26,250 Record entry Clear entry View general journal 4. Prepare the journal entry to record the interest and face value payment on December 31, 2019. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your final answers to the nearest whole dollar.) View transaction list Journal entry worksheet 1 Record the interest and face value payment on December 31, 2019. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2019 Interest expense 29,853 Discount on bonds payable Cash 3,603 26,250 Record entry Clear entry View general journal 5. Assume the bonds are retired on January 1, 2019. at a price of 101. Give the journal entry to record the bond retirement. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your final answers to the nearest whole dollar.) View transaction list Journal entry worksheet