On January 1, 2018, Universe of Fun issues $850,000, 7% bonds that mature in 15 years. The market interest rate for bonds of similar risk and maturity is 8%, and the bonds issue for $776,509. Interest is paid semiannually on June 30 and December 31.

Required:

1. Complete the first three rows of an amortization schedule.

2. & 3. Record the issuance of the bonds on January 1, the interest payments on June 30, and December 31, 2018. (If no journal entry is required for a transaction, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.)