On January 2, 2007. Yen Corporation issued $4,000,000 of its 6%, 10-year bonds The bonds pay interest annually on January 1. The current yield rate on such bonds is 8%. Required Prepare the amortization schedule Prepare the journal entry to record the issuance of the bond. Prepare the journal entry to record the payment of interest for the third period. Present value of 1 at 8% for 10 periods 0.46319 present value of an ordinary at 8% for 10 periods 6.71008 Present value of an ordinary annuity at 6% for 10 periods 7.36009 Present value of an ordinary annuity at 8 % for 20 periods 9.81815 under the effective-interest method of bond discount or premium amortization, the periodic interest expense is equal to the stated (nominal) rate of interest multiplied by the face value of the bonds. the market rate of interest multiplied by the face value of the bonds. the stated rate multiplied by the beginning-of-period carrying amount of the bands. the market rate multiplied by the beginning of period carrying amount of the bonds