On January 1, Year 1, Price Co. issued $223,000 of five-year, 4 percent bonds at 96. Interest is payable annually on December 31. The discount is amortized using the straight-line method. Required Prepare the journal entries to record the bond transactions for Year 1 and Year 2. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)