Required Information [The following information applies to the questions displayed below.] On January 1, 2021, Splash City issues $420,000 of 7% bonds, due in 10 years, with Interest payable semiannually on June 30 and December 31 each year. Assuming the market Interest rate on the issue date is 8%, the bonds will issue at $391.462 Required: 1. Complete the first three rows of an amortization table. (Round your intermediate and final answers to the nearest whole dollar.) Date Cash Paid Interest Expense Change in Carrying Carrying Value Value $ 391,462 1/1/21 6/30/21 12/31/21 $ 14,700 14,700 2 Record the bond issue on January 1, 2021, and the first two semiannual Interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your intermediate and final answers to the nearest whole dollar.) View transaction Mat View journal entry worksheet No Credit 1 Date General Journal January 01, 2021 Cash Discount on Bonds Payable Bonds Payable Debit 391,482 28,538 420,000 2 June 30, 2021 Interest Expense Discount on Bonds Payable Cash 14.700 3 December 31 2021 Interest Expense Discount on Bonds Payable Cash 14.700