Show Attempt History Current Attempt in Progress Sheridan Corporation issued $3.30 million of 7-year, 6% bonds dated January 1, 2021, for $2.951.417. The market interest rate when the bonds were issued was 8%. Interest is payable semi-annually on January i and July 1. Sheridan has a December 31 year end. Prepare an amortization schedule for the first three interest payments. (Round answers to decimal places, cs 5276) SHERIDAN CORPORATION Bond Amortization Table Effective Interest Method-Semi-Annual Interest Payments 6% Bonds Issued at market rate of 8% Interest Expense Discount Amortization Bond Date Interest Payment Jan 1. 2021 $ 1 $ $ July 99000 118057 19057 2021 Jan 1. 2022 99000 July 1. 2022 99000 SHERIDAN CORPORATION Bond Amortization Table Effective Interest Method-Semi-Annual Interest Payments 6% Bonds Issued at market rate of 8% Interest Expense Discount Amortization Bond Amortized Cost arest Payment 29514167 $ 19057 2970474 99000 118057 99000 99000 Prepare the journal entry for the payment of interest on January 1, 2022. (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.) Date Account Titles and Explanation Debit Credit Jan. 1 2022 (To record interest payment.)