On January 1, 2019, Island Choppers Inc. issued $1,500,000 of 5% 10 year, callable bonds priced to yield 4%. The bonds may be called at 105 on or after December 31, 2022. Interest is payable on July 1 and January 1. Island Choppers Inc. calls 10% of the bonds on August 1, 2025, (Note: they must also pay the interest accrued to that point on those bonds) A. Prepare an amortization schedule for 2019-2029. B. Prepare proper journal entries for the following: 1. Issuance of the bonds for cash on January 1, 2019 2. For the period of July 1, 2019 to January 1, 2021. a. Adjusting entries (December 31 Year-end); b.Interest payments and amortization (effective interest method) of premium/discount 3. On Redemption August 1, 2025: a. Accrual of interest to the date of redemption for bonds being called b. Payment to bondholders, including interest c. Recognition of gain or loss at on August 1, 2025.