On January 1, 2021, Pharoah Satellites issued $1,180,000, 10-year bonds. The bonds pay semi-annual interest on July 1 and January 1, and Pharoah has a December 31 year end. A partial bond amortization schedule is presented below: Semi-Annual Interest Period Interest Payment Interest Expense Amortization Bond Amortized Cost Jan. 1, 2021 $1,096,147 July 1, 2021 $ [1] $ [2] $2,965 1,099,112 Jan. 1, 2022 35,400 38,469 3,069 1,102,181 July 1, 2022 35,400 38,576 [3] 1,105,357 Jan. 1, 2023 35,400 38,687 [4] [5] July 1, 2023 35,400 38,803 3,403 1,112,047 Jan. 1, 2024 35,400 38,922 3,522 1,115,569 Were the bonds issued at a premium or a discount? Premium eTextbook and MediaAssistance Used eTextbook 1 eTextbook 2 eTextbook 3 List of Accounts What is the face value of the bonds? Face value of the bonds $ eTextbook and Media List of Accounts What is the contractual rate of interest? Contractual rate of interest % eTextbook and Media List of Accounts Fill in the missing amounts for items [1] through [5]. Semi-Annual Interest Period Interest Payment Interest Expense Amortization Bond Amortized Cost Jan. 1, 2021 $1,096,147 July 1, 2021 $ [1] $ [2] $2,965 1,099,112 Jan. 1, 2022 35,400 38,469 3,069 1,102,181 July 1, 2022 35,400 38,576 [3] 1,105,357 Jan. 1, 2023 35,400 38,687 [4] [5] July 1, 2023 35,400 38,803 3,403 1,112,047 Jan. 1, 2024 35,400 38,922 3,522 1,115,569 eTextbook and Media List of Accounts What was the market interest rate when the bonds were issued? (Round answer to 0 decimal places, e.g. 52%.) Market interest rate % eTextbook and Media 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 0 for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1, 2021 (To record issuance of bonds.) eTextbook and Media List of Accounts 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 0 for the amounts.) Date Account Titles and Explanation Debit Credit July 1, 2021 (To record interest payment.) eTextbook and Media 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 0 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, 2021 (To accrue interest expense.) eTextbook and Media List of Accounts What amounts would be reported as current and non-current in the liabilities section of Pharoahs December 31, 2021, balance sheet? PHAROAH SATELLITES Balance Sheet (Partial) $