Pennington Corporation issued 5-year, 8.6% bonds with a total face value of $700,000 on January 1, 2021, for $680,000. The bonds pay interest on June 30 and December 31 of each year.

	Required:
1.	Prepare an amortization table using straight line.
2.	Prepare the entries to recognize the bond issuance and the interest payments made on June 30, 2021, and December 31, 2021.