Preparing a Bond Amortization Table (Straight Line) Sonoma Company, issued 5-year, 9.2% bonds with a total face value of $500,000 on January 1, for $452,000. The bonds pay interest on June 30 and December 31 of each year. Required: 1. Prepare an amortization table. If an amount box does not require an entry, leave it blank and if the answer is zero, enter "0" Sonoma Company Amortization Table Cash Interest Discount on Payment Expense Bonds Payable (Credit) (Debit) (Credit) Discount on Bonds Payable Carrying Balance Value Period At issue 6/30/20 12/31/20 6/30/21 12/31/21 6/30/22 12/31/22 6/30/23 12/31/23 6/30/24 12/31/24 2. Prepare the entries to recognize the bond issuance and the interest payments made on June 30 and December 31 of Year 1. If an amount box does not require an entry, leave it blank. June 30 Dec. 31 (Record interest expense) (Record interest expense) 88 88