On January 1, 2021, Blossom Satellites issued $1,040,000, 10-year bonds. The bonds pay semi-annual interest on July 1 and January 1, and Blossom has a December 31 year end. A partial bond amortization schedule is presented below: Interest Interest Payment Expense Semi-Annual Interest Period Jan 1, 2021 July 1, 2021 Jan. 1, 2022 July 1, 2022 Jan 1, 2023 July 1, 2023 Jan. 1.2024 $ [1] 31,200 31,200 31,200 31,200 31,200 $[2] 33.905 33.999 34,097 34.199 34,304 Bond Amortization Amortized Cost $966,096 $2,613 968,709 2,705 971,414 [3] 974,213 [4] [5] 2.999 980,109 3,104 983,213 Were the bonds issued at a premium or a discount? What is the face value of the bonds? Face value of the bonds $ List of Accounts What is the contractual rate of interest? Contractual rate of interest 96 List of Accounts Fill in the missing amounts for items (1) through [5). Interest Payment Interest Expense Amortization B $ [1] $ [2] $2,613 Semi- Annual Interest Period Jan. 1. 2021 July 1 2021 Jan. 1. 2022 July 1 2022 Jan. 1. 2023 July 1 2023 Jan. 1. 2024 31.200 33.905 2,705 31.200 33,999 [3] 31,200 34,097 [5] 31,200 34 199 2.999 31.200 34 304 3.104 List of Accounts What was the market interest rate when the bonds were issued? (Round answer to decimal places, eg. 52%) Market interest rate % List of Accounts Record the issue of the bonds on January 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Debit Credit Date Account Titles and Explanation Jan. 1, 2021 (To record issuance of bonds.) Record the interest payment on July 1, 2021. (Credit account titles are automatically indented when the amount is entered Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Date July 1, 2021 Credit (To record interest payment.) List of Accounts Record the accrual of interest on December 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Dec 31, 2021 What amounts would be reported as current and non-current in the liabilities section of Blossom's December 31, 2021, balance sheet? BLOSSOM SATELLITES Balance Sheet (Partial)