Ortega Company issued five-year, 5% bonds with a face value of $50,000 on January 1,2017 . Interest is paid annually on December 31 . The market rate of interest of January 1,2017 , is 4% and the proceeds from the bond issuance equal $52,227. Required: 1. Prepare a five-year table to amortize the premium using the effective interest method. Enter all amounts as positive numbers. Round all amounts to the nearest whole dollar. * Note: Due to rounding you will have to adjust the interest expense for 12/31/21 so the carrying value equals $50,000. 3. Identify and analyze the effect of the payment of interest on December 31,2019 (the third year). How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry" and leave the amount box blank. If the effect on a financial statement item is negative, i.e, a decrease, be sure to enter the answer with a minus sign. Prepare the balance sheet presentation of the bonds on December 31,2019 (the third year). How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry" and leave the amount box blank. If the effect on a financial statement item is negative, i.e, a decrease, be sure to enter the answer with a minus sign. Prepare the balance sheet presentation of the bonds on December 31, 2019 (the third year)