On January 1, 2018, 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, 2020. On the issue date, the market interest rate was 8.00 percent, so the total proceeds from the bond issue were $102,574. Methodical uses the simplified effective interest bond amortization method and adjusts for any rounding errors when recording interest in the final year. Required: 1. Prepare a bond amortization schedule. 2-5. Prepare the required journal entries to record the bond issue, interest payments on December 31, 2018 and 2019, interest and face value payment on December 31, 2020, and bond retirement. Assume the bonds are retired on January 1, 2020, at a price of 105. Complete this question by entering your answers in the tabs below. Req 1 Req 2 to 5 Prepare a bond amortization schedule. (Make sure that the Carrying value equals to face value of the bond in the last period. Interest expense in the last period should be calculated as Cash Interest (+)/(-) Reduction in Bonds Payable, Net. Round your answers to the nearest whole dollar.) Beginning of Year Changes During the Period End of Year Period Bonds Payable, Net Interest Expense Cash Paid Reduction in Bonds Payable, Net Bonds Payable, Net 01/01/18-12/31/18 01/01/19-12/31/19 01/01/20-12/31/20 Prepare the required journal entries to record the bond issue, interest payments on December 31, 2018 and 2019, interest and face value payment on December 31, 2020, and bond retirement. Assume the bonds are retired on January 1, 2020, at a price of 105. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest whole dollar.) Show less View transaction list Journal entry worksheet Record the issuance of 100 bonds at face value of $1,000 each for $102,574. 1 2 3 4 5 > Record the interest payment on December 31, 2018. 1 2 3 4 5 > Record the interest payment on December 31, 2018. Record the interest payment on December 31, 2019. Record the interest and face value payment on December 31, 2020. Record the retirement of the bonds at a quoted price of 105, assuming the bonds are retired on January 1, 2020