Prepare a bond amortization schedule.

My discount amortization is incorrect for the part 1 - 12/31/2018

On January 1, 2018, Loop Raceway Issued 580 bonds, each with a face value of $1,000, a stated interest rate of 5 percent pald annually on December 31, and a maturity date of December 31, 2020. On the issue date, the market Interest rate was 6 percent, so the total proceeds from the bond issue were $564,485. Loop uses the straight-line bond amortization method and adjusts for any rounding errors when recording Interest in the final year. Required: 1. Prepare a bond amortization schedule. 2-5. Prepare the journal entries to record the bond issue, the interest payments on December 31, 2018 and 2019, the Interest and face value payment on December 31, 2020 and the bond retirement. Assume the bonds are retired on January 1, 2020, at a price of 98. Complete this question by entering your answers in the tabs below. Req1 Reg 2 to 5 Prepare a bond amortization schedule. Changes During the Period Ending Bond Liability Balances Period Ended Cash Paid Discount Amortized Interest Expense Bonds Payable Discount on Bonds Payable Carrying Value 01/01/18 S S 15,515 S 12/31/18 S 29,000 S 33,869 S 62.869 580,000 580,000 580,000 580,000 564,485 580.000 580,000 12/31/19 29,000 29,000 29,000 29,000 12/31/20 0 580.000 No Date General Journal Debit Credit 1 Jan 01, 2018 Cash 584,485 Discount on Bonds Payable 15.515 Bonds Payable 580,000 2 Dec 31, 2018 Interest Expense Discount on Bonds Payable Cash 29.000 3 Dec 31, 2019 Interest Expense Discount on Bonds Payable Cash 29.000 Dec 31, 2020 Interest Expense Bonds Payable Discount on Bonds Payable Cash 5 Jan 01, 2020 Bonds Payable Discount on Bonds Payable Gain on Bond Retirement Cash