Required information [he following information applies to the questions displayed below] On January 1. 2021, White Water issues $600.000 of 7% bonds, due in 10 years, with interest payabie annually on December 31 each year Assuming the market interest rate on the issue date is 6%, the bonds will issue at $644,161. 2. Record the bond issue on January 1, 2021, and the first two interest payments on December 31 , 2021, and December 31 , 2022. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.)