P20.4 Saltrock Hospital issued $500,000 (face value) of 6 percent serial bonds on January 1, 20x1, at 94 percent. These bonds pay interest annually on January 1 and mature at the rate of $100,000 annually, starting January 1, 20x2. Issue costs amounted to $15,000. The hospitals fiscal year ends on December 31, at which time annual entries are made for amortization and accruals. Required: (1) Prepare a tablet to summarize discount amortization and interest expense for the 20x1-20x5 period. (2) Prepare the necessary entries for 20x1 and 20x2 only. (3) Indicate how all matters relating to these bonds should be presented in the hospitals 20x2 financial statements.