On January 1, 2018, Surreal Manufacturing issued 570 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 4 percent, so the total proceeds from the bond issue were $554,184. Surreal 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 entries to record the bond issue, the interest payments on December 31, 2018 and 2019, the 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. ant ence 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 rest 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 Discount Amortized qualing Discount on Bonds Payable) Changes During the Parlod Ending Band Liability Balances Pened Interest Discount on Cash Paid Ended Expense Amortired Blonds Payable Bands Payabile Carrying Value 01/01/18 $ 0 12331/18 52/31/19 0 0 0 0 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 Carryin face value of the bond in the last period. Interest expense in the last period will result in the amount in Discount Am equaling Discount on Bonds Payable.) Changes During the Period Ending Bond Liability Balancos Period Interest Discount Discount on Cash Paid Bonds Payable Bonds Payable Carrying Value Ended Expense Amortized 01/01/18 12/31/18 12/31/19 12/31/20 0 0 0 0 0 0 0 Req 2 to 5 > Reg 1 Reg 2 to s Prepare the journal entries to record the bond issue, the interest payments on December 31, 2018 and 2019, the 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. (I 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 amount.) Show less View transaction Mat Journal entry worksheet 1 Record the issuance of 570 bonds at face value of $1,000 each for $554,484 NotaEste debits before credits Date General Journal Debit Credit Jan 01. 2018 no entry is required for a transaction/event, select "No Journal Entry Required" in the first account nearest whole dollar amount.) View transaction list Journal entry worksheet 1 2 2 3 4 5 Record the interest payment on December 31, 2018. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2018 Record entry Clontant Vinwonerlaural View transaction list Journal entry worksheet 1 2 2 3. 4 5 Record the interest payment on December 31, 2019. Note: Enter debits before credits General Journal Debit Credit Date Dec 31, 2010 no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Rou nearest whole dollar amount.) View transaction list Journal entry worksheet