Straight-Line: Amortization table and bond interest expense P2 Duval Co. issues four-year bonds with a $100,000 par value on January 1, 2021, at a price of $95,952. The annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31. 3881. Prepare a straight-line amortization table like Exhibit 10.7 for these bonds. 2. Prepare journal entries to record the first two interest payments. 3. Prepare the journal entry for maturity of the bonds on December 31, 2024 (assume semiannual interest is already recorded)