Question Help On December 31, 2020, Siena Corp issues 4 percent 10 year convertbe bonds with a maturity value of $3,500,000 The semi-annual interest dates are June 30 and December 31 The market interest rates 5 percent, and the issue price of the bonds is 89 8714286 Sierra Corp. amortizes bond premium and discount by the effective interest method - X Required al 1. Prepare an effective-interest method amortization table for the first four semi-annual interest periods. 2. Journalize the following transactions a. Issuance of the bonds on December 31, 2020. Credit Convertible Bonds Payable b. Payment of interest on June 30, 2021 c. Payment of interest on December 31, 2021 d. Retirement of bonds with maturity value of $280,000 on July 2, 2022. Sierra alues) Corp purchases the bonds at 95.00 in the open market e. Conversion by the bondholders on July 2, 2022, of bonds with maturity value of 70000 $475,000 into 7,000 Sierra Corp. common shares 3. Prepare the balance sheet presentation of the bonds payable that are outstanding at December 31, 2022 1 On December 31, 2020. Siora Corp issues 4 percent 10-year convertible bonds with a matunty value of $3,500,000 The semi-annual interest dates are June 30 and December 31 The market interest rate is 5 percent, and the issue price of the bonds is 89 8714286 Sierra Corp amortizes bond premium and discount by the effective interest method Required