On January 1, 2024, Bonita Ltd. issued bonds with a maturity value of $4.85 million for $4,653,311, when the market rate of interest was 8%. The bonds have a contractual interest rate of 7% and mature on January 1,2029 . Interest on the bonds is payable semiannually on July 1 and January 1 of each year. On January 1, 2024, Sunland Company, a public company, purchased Bonita Ltd. bonds with a maturity value of $0.97 million to earn interest. On December 31,2024 , the bonds were trading at 98 . 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 (a) Your answer is correct. What amount did Sunland Company pay for Bonita Ltd.'s bonds? (Round answer to 0 decimal places, e.g. 5,275.) Sunland Company paid $ Your answer is correct. Prepare the journal entry for Sunland Company (investor) on January 1, 2024. (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. Round answers to 0 decimal places, e.g. 5,275. List debit entry before credit entry.) Prepare a bond amortization schedule for Sunland Company for the first four interest periods. (Round answers to 0 decimal places, e.g. 5,275.)