Required information [The following information applies to the questions displayed below.] On January 1, 2024, White Water issues $470,000 of 7% bonds, due in 10 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $438,461. lequired: - Complete the first three rows of an amortization schedule. (Hint. Use Illustration 9-6, except the dates for the first three rows will be 1/2024,12/31/2024, and 12/31/2025 since interest is payable annually rather than semiannually. Interest expense for the period inded December 31, 2024, is calculated as the carrying value of $438,461 times the market rate of 8%.) (Round your final answers to he nearest whole dollar.) Required information [The following information applies to the questions displayed below.] On January 1, 2024, White Water issues $470,000 of 7% bonds, due in 10 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $438,461. 2. Record the bond issue on January 1, 2024, and the first two interest payments on December 31, 2024, and December 31 , 2025. (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.)