On January 1, 2021, a company issues $720,000 of 8% bonds, due in eleven years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 9%, the bonds will issue at $670,376. Required: 1. Fill in the blanks in the amortization schedule below: (Round your answers to the nearest dollar amount. Enter all amounts as positive values.) Answer is not complete. Interest Change in Carrying Expense Carrying Value Value Date Cash Paid 01/01/2021 06/30/2021 12/31/2021 2. Record the bond issue on January 1, 2021, and the first two semi-annual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.) X Answer is not complete. No Date General Journal Debit Credit 1 720,000 X January 01, 2021 Cash Discount on Bonds Payable 720.000 X 2 June 30, 2021 Interest Expense Cash lo 28,800 x 28,800 3 December 31, 202 Interest Expense 4,800 X Cash 28,800