Please help!! I am stuck on this question.

On January 1, 2022, A company issued $1,400,000 par value, 9%, 3-year bonds when the market rate of interest was 12%. Interest is payable annually each December 31. The company incurred bonds issue costs of $23,000.

1) What is the journal entry when the company issued the bonds?

2) Prepare the amortization table for the bonds.

NOTE: On journal entry, (dr) Cash 1,276,123 and Discount on Bonds Payable 123,877, and (Cr) Bonds Payable 1,400,000. But need for the calculation for the Cash and Discount on Bonds Payable.

Amortization Table:

Date	Cash Interest	Effective Interest	Discount/Premium amortization	Carrying value
Jan 1, 2022
Dec 31, 2022
Dec 31, 2023
Dec 31, 2024