On January 1, 2018, Methodical Manufacturing issued 100 bonds, each with a face value of $1,000, a stated interest rate of 3 percent paid annually on December 31, and a maturity date of December 31, 2020. On the issue date, the market interest rate was 2.10 percent, so the total proceeds from the bond issue were $102,595. Methodical uses the 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 journal entry to record the bond issue, interest payments on December 31, 2018 and 2019, interest and face value payment on December 31, 2020 and the bond retirement. Assume the bonds are retired on January 1, 2020, at a price of 102. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 to 5 Prepare a bond amortization schedule. (Round your answers to the nearest whole dollar. Make sure that the carrying value equals face value of the bond in the last period. Interest expense in the last period will result in the amount in Premium Amortized equaling Premium on Bonds Payable.) Changes During the Period Ending Bond Liability Balances Period Interest Premium Premium on Cash Paid Ended Bonds Payable Carrying Value Expenso Amortized Bonds Payable 01/01/18 $ 12/31/18 0 0 12/31/19 0 0 12/31/20 0 0 0 Rog Reg 2 to 5 > Req 1 CICCOLE Req 2 to 5 Prepare the required journal entries to record the bond issue, interest payments on December 31, 2018 and 2 Assume the bonds are retired on January 1, 2020, at a price of 102. (Round your answers to the nearest who required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Complete this question by entering your answers in the tabs below. Req 1 Req 2 to 5 Prepare the required journal entries to record the bond issue, interest payments on December 31, 2018 and 20 Assume the bonds are retired on January 1, 2020, at a price of 102. (Round your answers to the nearest whole required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the interest payment on December 31, 2019. Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2019