Park Corporation is planning to issue bonds with a face value of $2,800,000 and a coupon rate of 7 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 6.0 percent. (FV of $1. PV of $1. FVA of S1, 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 joumal entry required in the first account field.) View transaction lat Journal entry worksheet Record the interest payment on June 30, using effective-interest amortization. Note Enter debits before credits General Journal Dobit Credit Date June 30 Record entry Clear entry View general Journal 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