Premiere Autoparts Inc. issued $140,000 of 2%, 10-year bonds at a price of 82 on January 31, 2020. The market interest rate at the date of issuance was 4%, and the standard bonds pay interest semi-annually. 1. Prepare an effective-interest amortization table for the bonds through the first three interest payments. 2. Record Premiere's issuance of the bonds on January 31, 2020, and payment of the first semi-annual interest amount and amortization of the bonds on July 31, 2020. Explanations are not required. 1. Prepare an effective-interest amortization table for the bonds through the first three interest payments. (Round your answers to the nearest whole dollar.) Premiere Autoparts Amortization Table A Interest Payment (1% of Maturity Value) B C D Interest Expense (2% of Bond Discount Bond Discount Preceding Bond Carrying Amortization (B Account Balance Amount) - A) (Preceding D - C) E Bond Carrying Amount ($140,000 -D) Semi-annual Interest Date Jan. 31, 2020 July 31, 2020 Jan. 31, 2021 July 31, 2021 2. Record Premiere's issuance of the bonds on January 31, 2020, and payment of the first semi-annual interest amount and amortization of the bonds on July 31, 2020. (Record debits first, then credits. Explanations are not required.) Start by recording the issuance of bonds on January 31, 2020. Date Accounts Debit Credit Jan. 31, 2020 Now, record the payment of the first semi-annual interest amount and amortization of the bonds on July 31, 2020. Date Accounts Debit Credit July 31, 2020