Problem 14-3 (Algo) Straight-line and effective interest compared [LO14-2] On January 1, 2024. Reyes Recreational Products issued $100,000,12k, fouryear bonds Interest is pald semiannually on June 30 and December 31 The bonds were issued at 594,029 to yield an annual retum of 14% Required: 1. Prepare an amortization schedule that determines interest at the effective interest rate 2. Prepare an amortization schedule by the straight tine 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 $14,000 of the bonds? Note: Use tables, Excel, or a financial calculator. EV of S1, PV of S1, PVA of S1, PVA of \$1, EVAD of S1 and PVAD of \$1) Complete this question by entering your answers in the tabs below. Prepare the journal entries to record interest expense on June 30,2026 , by each of the two approsches. Note: If no entry is required for a transaction/event, select 'No joumal entry required' in the first account field. Enter your answers in whole dollars. Journal entry worksheet Record interest expense on June 30, 2026, by the effective interest method. Note: Ener debina before crindits