Pretzelmania, Inc. issues 5%, 20-year bonds with a face amount of $68,000 for $60,200 on January 1, 2021. The market Interest rate for bonds of similar risk and maturity is 6%. Interest is paid annually on December 31 Required: 1.6 2. Record the bond issue and first interest payment on December 31, 2021 (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your intermediate computations and final answers to the nearest whole dollar amount.) 17:10 View transaction list Journal entry worksheet > Record the first interest payment on December 31, 2021