On January 1, 2022, Carvel Corp. issued five-year bonds with a face value of $500,000 and a coupon interest rate of 6%, with interest payable semi-annually. Part 1: Prepare a partial bond amortization table for the first two interest payments assuming that interest is paid on July 1 and January 1 and that the bonds sold when the market interest rate was (a) 5%, (b) 6%, and (c) 7%. Part 2: Assume that the company has a December 31 year end and records adjusting entries annually. Record the journal entries relating to the bonds on January 1, July 1, and December 31, assuming that when the bonds were sold, the market interest rate was (a) 5%, (b) 6%, and (c) 7%. (a) 5% (issued at 104.3762 ) Bond price = (b) 6% (issued at par) Bond price = 7\% (issued at 95.8418)