On January 1, 2020, Sheridan Company sold 12% bonds having a maturity value of $350,000 for $376,535, 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. Sheridan Company allocates interest and unamortized discount or premium on the effective- interest basis. Your answer is correct. Prepare the journal entry at the date of the bond issuance. (Round answer to 0 decimal places, eg. 38,548. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation January Cash 1, 2020 376535 350000 Bonds Payable 26535 Premium on Bonds Payable 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 Effective-Interest Method Interest Premium Expense Amortized Date Cash Pald Carrying Amount of Bonds 1/1/20 $ 12/31/20 12/31/21 12/31/22