On January 1, 2021, Surreal Manufacturing issued 620 bonds, each with a face value of $1,000, a stated interest rate of 3 percent paid annually on December 31, and a maturity date of December 31, 2023. On the issue date, the market interest rate was 4 percent, so the total proceeds from the bond issue were $602,797. Surreal uses the simplified effective-interest bond amortization method and adjusts for any rounding errors when recording interest in the final year. Required: 1. Prepare a bond amortization schedule. 2-5. Prepare the journal entries to record the bond issue, the interest payments on December 31, 2021 and 2022, the interest and face value payment on December 31, 2023 and the bond retirement. Assume the bonds are retired on January 1, 2023, at a price of 103. Show le No Credit 1 Date General Journal January 01, 2021 Cash Discount on Bonds Payable Bonds Payable, Net Debit 602,797 17,203 X 620,000 2 24,112 December 31, 202 Interest Expense Discount on Bonds Payable Cash 5,512 18,600 3 3 24,332 December 31, 202 Interest Expense Discount on Bonds Payable Cash 5,732 18,600 4 24,559 620,000 December 31, 202 Interest Expense Bonds Payable, Net Discount on Bonds Payable Cash X 5,959 X 638,600 X X 01 620,000 X 24,559 January 01, 2023 Bonds Payable, Net Loss on Bond Retirement Discount on Bonds Payable Cash X X 5,959 X 638,600