! Required information [The following information applies to the questions displayed below.) On January 1, Splash City issues $500,000 of 7% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. T. Bone Investment Company (TBIC) purchases all of the bonds in a private placement Assuming the market interest rate on the issue date is 6%, TBIC will purchase the bonds for $549,001 Required: 1. Complete the first three rows of an amortization table for TBIC. (Round your answers to the nearest whole number.) Answer is not complete. Interest Amortization Amortized Ravenue of Premium Cost Dato Cash Received 1/1 6/30 $ 17,500 17.500 12/31 Required information [The following information applies to the questions displayed below.) On January 1. Splash City issues $500,000 of 7% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. T. Bone Investment Company (TBIC) purchases all of the bonds in a private placement. Assuming the market interest rate on the issue date is 6%, TBIC will purchase the bonds for $549,001, 2. Record the purchase of the bonds by TBIC on January 1 and the receipt of the first two semiannual interest payments on June 30 and December 31. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet 1 2 3 > Record the purchase of bonds. Note: Enter debits before credits Date General Journal Debit Credit January 01 dollar amount.) View transaction list Journal entry worksheet Record the receipt of the second semiannual interest payment. Note: Enter debits before credits. Dobit Credit General Journal Date December 31 CD 13