Problem 14-3 (Algo) Straight-line and effective interest compared [LO14-2] On January 1,2024 , Reyes Recreational Products issued $200,000,12%, four-year bonds. Interest is paid semiannually on June 30 and December 31. The bonds were issued at $188,058 to yield an annual return of 14%. Required: 1. Prepare an amortization schedule that determines interest at the effective interest rate. 2. Prepare an amortization schedule by the straight-line method. 3. Prepare the journal entries to record interest expense on June 30, 2026, by each of the two approaches. 5. Assuming the market rate is still 14%, what price would a second investor pay the first investor on June 30,2026 , for $28,000 of the bonds? Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1,FVAD of $1 and PVAD of $1 ) Complete this question by entering your answers in the tabs below. Prepare an amortization schedule that determines interest at the effective interest rate. Note: Enter your answers in whole dollars