Sheridan Inc. issues $912,000 of 5-year, 5% bonds on January 1, 2021. The bonds pay interest annually. Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 (a) Your Answer Correct Answer (Used) Your answer is partially correct. Calculate the issue price of the bonds using a market rate of 4%. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to decimal places, eg. 1,575.) Issue price $ 952602 Record the bond issue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Date Jan. 1, 2021 Cash 952602 Bonds payable 912000 Prepare an effective interest amortization table for the bonds. (Round answers to decimal places, eg. 5,275.) SHERIDAN COMPANY Bond Premium Amortization Table Effective-Interest Method Annual Interest Payments 5% Bonds Issued at market rate of 4% Date Interest Payment Interest Expense Premium Amortization Bond Amortized Jan. 1. 2021 Jan. 1. 2022 Jan. 1. 2023 Jan. 1. 2024 Jan. 1. 2025 Jan. 1. 2026