Shane Corporation is planning to issue bonds with a face value of $640,000 and a coupon rate of 7.5 percent. The bonds meture in 6 years and pay interest semiannually every June 30 and December 31 All of the bands were sald on January 1 of this year. Son uses the effective-interest amortization method and also uses a discount account. Assume an annual market rate of interest of 8.5 percent. (EV of $EV of $1. EVA of S1, and PVA of SD (Use the appropriate factor(s) from the tables provided. Round your final answer to whole dollars.) Required: 1.&2. Prepare the journal entries to record the issuance of the bonds and Interest payment on June 30 of this year 3. What bonds payable amount wil Shane report on its June 30 balance sheet? Complete this question by entering your answers in the tabs below. Rec 1 and 2 Rec 3 1.82. Prepare the journal entries to record the issuance of the bends and interest payment on June 30 of this year (f nountry is required for a transaction/event, select "No journal entry required in the first account field. View traction Journal entry worksheet 1 Record the issuance of bonds. Journal entry worksheet 2 Record the issuance of bonds. > Note: Enter debits before credits. Date January 01 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < 1 Record the payment of interest on June 30 using the effective-interest amortization method. Note: Enter debits before credits. Date June 30 > General Journal Debit Credit Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 What bonds payable amount will Park report on its June 30 balance sheet? (Enter all amounts as positive values.) PARK CORPORATION Balance Sheet (Partial) At June 30 Long-term liabillas