On January 1, 2020, Blossom Company sold 12% bonds having a maturity value of $600,000 for $645,489, which provides the bondholders with a 10% yield. The bonds are dated January 1, 2020, and mature January 1, 2025, with interest payable December 31 of each year. Blossom Company allocates interest and unamortized discount or premium on the effective-interest basis. Prepare the journal entry at the date of the bond issuance. (Round answer to O decimal places, eg. 38,548. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation January 1, 2020 eTextbook and Media List of Accounts Debit Credit Prepare a schedule of interest expense and bond amortization for 2020-2022. (Round answer to O decimal places, eg. 38,548) Schedule of Interest Expense and Bond Premium Amortization Date Cash Paid 1/1/20 $ 12/31/20 12/31/21 12/31/22 Effective-Interest Method Interest Expense Premium Amortized Carryin Amount of E $