On January 1 of this year, Clearwater Corporation sold bonds with a face value of $764,000 and a coupon rate of 6 percent The bonds mature in 10 years and pay interest annually every December 31. Clearwater uses the straight-Iine amortization method and also uses a discount apcount. Assume an annual market rate of interest of 7 percent. FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factoris) from the tables provided. Round your final answer to whole dellars Required: 1. Prepare the journal entry to record the issuance of the bonds(M no entry is required for a transaction/event, select-No journal entry required" in the first account field) View transaction list Journal entry worksheet Record the issuance of the bonds. Note: Enter debits before credits. er debits Januer Record entry View general journal Clear entry 2. Prepare the journal entry to record the interest payment on December 31 of this year o recond if no entry is required for a transaction/event, selectNo ournal entry required in the first account field. View transaction list ournal entry worksheet Record the interest payment on December 31, using traight-line amortization. Note: Enter debits before credits. Record entry View general journal Clear entry 3. How will the bonds be reported on Cleerwater's December 1 Balance Sheet? Balance Sheet At