Practice 2: Joyce Corporation paid $326,948 for $300,000,6% bonds on July 1,2021 . The bonds mature on July 1,2026 . The market interest rate (yield) was 4% for bonds of similar risk and maturity on the date of purchase. The company will receive interest semiannually on July 1 and January 1 . The company has fiscal year end on December 31. At 12/31/2021, Amortization of Premium on bond investment is $2,461. As a result of amortization, Carrying amount of bonds is decreased by $2,461. - Provide journal entries on January 1 and July 1, 2022. - Provide journal entries on July 1, 2026, using information from amortization schedule (next slide)