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.) Date Account Titles and Explanation Debit Credit January 1, 2020 Cash 2223358 Discount on Bonds Payable 1 176542 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 O 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