On May 1, 2021, Green Corporation issued $1,300,000 of 12% bonds, dated January 1, 2021, for $1,144,000 plus accrued interest. The market rate of interest was 13%. The bonds pay interest semiannually on June 30 and December 31. Green's fiscal year ends on December 31 each year, Required: 1. Determine the amount of accrued interest that was included in the proceeds received from the bond sale. 2. Prepare the journal entry for the issuance of the bonds. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry for the issuance of the bonds. (If no entry is required for a transaction/event, select "No Journal entry required" in the first account field. View transaction list View journal entry worksheet NO 1 Transaction 1 Credit General Journal Cash Discount on bonds payable Interest payable Debit 1.196.000 1.144.000 52.000 Required 1