On January 1,2017, Pyne Furniture Co. issued $700,000 of 10 percent bonds to yield 8 percent. The net present value of the bonds on the date of sale was $795,141. Interest is payable semiannually on July 1 and December 31. The bonds mature in ten years. Pyne Furniture Company's year ends on December 31 INSTRUCTIONS: 1) (19 pts) Create an amortization table using the straight-line method for the first four periods. 2) (19 pts) Create an amortization table using the effective interest method for the first four periods. 3) (15 pts) Prepare the journal entries to record bond-related transactions as of the following dates: a. January 1, 2017 to issue the bonds b. July 1, 2017 to record the first interest payment using effective interest method c. December 31, 2017 to record the second interest payment using effective interest method. 4) (2 pts) Record the journal entry to pay the bond off at maturity