On January 1, 2020, Wildhorse Corporation issued $2,400,000 face value, 5%, 10-year bonds at $2,223,358. This price resulted in an effective-interest rate of 6% on the bonds. Lock uses the effective- interest method to amortize bond premium or discount. The bonds pay annual interest on January 1. Your answer is correct. Prepare the journal entry to record the issuance of the bonds on January 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Credit Date Account Titles and Explanation January 1, 2020 Cash Debit 2223358 176542 Discount on Bonds Payable 1 Bonds Payable 2400000 Click if you would like to Show Work for this question: Open Show Work (b) Prepare an amortization table through December 31, 2022 (three interest periods) for this bond issue. (Round answers to 0 decimal places, e.g. 15,250.) LOCK CORPORATION Bond Discount Amortization Effective-Interest Method-Annual Interest Payments Annual Interest Periods Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value Issue date 176642 2223358 T 120000 133401 13401 163241 2236759 T 14206 2250965 T T 120000 120000 134206 135058 149035 133977 T | 15058 T 2266023 (c) Prepare the journal entry to record the accrual of interest and the amortization of the discount on December 31, 2020. (Round answers to 0 decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date Dec. 31, 2020