Park Corporation is planning to issue bonds with a face value of $3,800,000 and a coupon rate of 10 percent. The bonds mature in 10 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Park uses the effective-interest amortization method and also uses a premium account. Assume an annual market rate of interest of 8.5 percent. (EV of $1. PV of $1. EVA of $1. and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Required: 1. Prepare the journal entry to record 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 Journal entry worksheet < Record the issuances of the bonds. Note: Enter debits before credits. Record the Issuances of the bonds. Note: Enter debits before credits. Date January 01 General Journal Debit Credit Clear entry View general journal Record entry Journal entry worksheet < 1 Record the interest payment on June 30, using effective-interest amortization. Note: Enter debits before credits. Date June 30 General Journal Debit Credit View general journal Clear entry Record entry 3. How will Park present its bonds on its June 30 balance sheet? (Round your final answer to whole dollars.) PARK CORPORATION Balance Sheet (Partial) At June 30 Long-term liabilities $ 0