Problem 1 On January 1, 2017, White Water issues $500,000 of 6% bonds, due in 20 years, with interest payable semi-annually on June 30 and December 31 of each year. The market interest rate is 7% upon issuance. Required: 1. How much will the bonds issue for? 2. Complete the first three rows of the amortization table for issuance, interest payment #1, and interest payment #2 3. Record the journal entry for the bond issue on January 1, 2017, and the first two semi-annual interest payments on June 30, 2017, and December 31, 2017. 4. Assume the bond was retired on December 31, 2017 (after interest was recorded) for a price of 101% of the face value. Prepare the journal entry to record the retirement