PA10-6 (Algo) (Supplement 10A) Recording Bond Issue, Interest Payments (Straight-Line Amortization), and Early Bond Retirement [LO 10-S1] On January 1, 2021, Loop Raceway issued 580 bonds, each wth a face value of $1000, a stated interest rate of 5 percent paid annually on December 31, and a maturity date of December 31, 2023. On the issue date, the market interest rate was 6 percent, so the total proceeds from the bond issue were $564,485, Loop uses the straight line bond amortization method and adjusts for any rounding ertors when recording interest in the final year Mequired: 1. Prepare a bond amortization schedule. 2.5. Prepare the journal entries to record the bond isue, the interest poyments on December 31,2021 and 2022, the interest and face value payment on December 31, 2023 and the bond retiement. Assume the bends are retired early on January 1,2023 instead of at theit moturity date of 12/312023, record the entry to retire the bonds eatly assuming a price of 96 . Answer is not cemplete. Complete this question by entering yeur answers in the tabs below. Prepare the journal entries to receed the bond ibsue, the interest poyments on December 31,2021 and 2022 . the interest 2023 instead of at their maturity sate of 12/31/2023, record the entry to retire the bonds early assuming o price of on. (aif na Complete this question by entering your answers in the tabs below. Prepare a bond amortization schedule. and face value payment on December 31, 2023 and the bond retirement. Assume the bonds are retired earfy on January 1 , 2023 instead of at their maturity date of 12/31/2023, record the entry to retire the bonds early assuming a price of 98 . (If no entry is required for a transaction/event, select "No Joumal Entry Required" in the first account field.)