On January 1, 2021. Waterway Ltd. issued bonds with a maturity value of $4.95 million for $4,738,635, when the market rate of interest was 6%. The bonds have a contractual interest rate of 5% and mature on January 1, 2026. Interest on the bonds is payable semi-annually on July 1 add January 1 of each year. On January 1, 2021, Sandhill Company, a public company, purchased Waterway Ltd. bonds with a maturity value of $0.99 million to earn interest. On December 31, 2021, the bonds were trading at 97. Both companies' year end is December 31. Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) Your answer is correct. What amount did Sandhill Company pay for Waterway Ltd's bonds? (Round answer to decimal places, e.g. 5,275) Sandhill Company paid $ 947727 Prepare a bond amortization schedule for Sandhill Company for the first four interest periods. (Round answers to decimal places, eg. 5,275.) Bond Discount Amortization Table Effective Interest Method-Semi-annual Interest Payments 5% Bonds Issued at market rate of 6% (B) (C) Interest Revenue Discount Amortization KA) Interest Received Date (D) Bond Amortize $ $ $ $ Jan. 1, 2021 July 1. 2021 Jan. 1. 2022 July 1. 2022 Jan. 1. 2023 EMT 2100C