On January 1, a company purchased 3%, 20-year corporate bonds for $69,033,776 as an investment. The bonds have a face amount of $80 million and are priced to yield 4%. Interest is paid semiannually.

Prepare a partial amortization table at the effective interest rate on June 30 and December 31. (Enter your answer in whole dollars. Round your intermediate calculations to the nearest dollar amount.)

Period End Cash Interest received bond interest revenue discount amortization Carry value

January 1st

June 30th

December 31st

Then

Prepare the journal entries necessary to record revenue at the effective interest rate on June 30 and December 31. (Enter your answers in whole dollars. Round your intermediate calculations to the nearest dollar amount. If no journal entry is required for a transaction, select "No journal entry required" in the first account field.)