On January 1, 2020, Surreal Manufacturing issued 790 bonds, each with a face value of $1,000, a stated interest rate of 3.50 percent paid annually on December 31, and a maturity date of December 31, 2022. On the issue date, the market interest rate was 4.00 percent, so the total proceeds from the bond issue were $779,041. Surreal uses the effective-interest bond amortization method. Required: 1. Prepare a bond amortization schedule. (Round your final answers to the nearest whole dollar.) Changes During the Period Ending Bond Liability Balances Period Ended Interest Expense Cash Paid Discount Amortized Bonds Payable Carrying Value Discount on Bonds Payable 10,959 01/01/20 779,041 12/31/20 790,000 790,000 790,000 790,000 12/31/21 27,650 27,650 27,650 31,303 12/31/22 0 790,000 Journal entry worksheet Record the interest and face value payment on December 31, 2022. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2022 Record entry Clear entry View general journal View transaction list Journal entry worksheet