The following partial amortization table was developed for a 5.0%, $780,000 4 year bond that pays interest each 30 September and 31 March. The table uses an effective interest rate of 5%. The bond was issued on 1 August 20X1. Amortization Schedule. Efective-Interest Methods Interest Balance Carrying Interest Premium Una ortized Period Pantot Cash Interest Expense Amortization PE Opening Bonda $35.052 1 (30 Sept 8815, 032 $19.500 20X1) $16,30 03,199 31, 833 0:1.833 2 19.500 16,239 3,263 28.570 00.370 3 19,500 16,171 3,320 25,241 805,241 19,500 16,105 3,395 21,146 301,346 5 19,500 16.057 3,465 18,385 795,383 6 19.500 15.969 3.532 11,952 794,051 19.500 15,692 3,603 11.248 791.240 Required: 1-a. Calculate the issuance proceeds of the bond (Do not round intermediate calculations, Round your final answer to the nearest whole dollar amount.) Issuance proceeds from bond 1999 3,603 11,248 791,248 Required: 1-a. Calculate the issuance proceeds of the bond. (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.) 1 Issuance proceeds from bond 1.b. Calculate the issuance proceeds of the accrued interest Issuance proceeds from accrued interest 2. Record all entries associated with the bond for 20X1 and 20X2. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Do not found intermediate calculations. Round your final answers to the nearest whole dollar amount.) 2. Record all entries associated with the bond for 20X1 and 20x2. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) View transaction list 1 > Record the issuance of bonds at a premium 2. Record the payment of interest on bonds. Record the accrual of interest expense. 3 4 Record the payment of interest on bonds. 5. Record the payment of interest on bonds. Credit 6 Record the accrual of interest expense. 3. Calculate interest expense for 20x1 and determine the net balance of bonds payable as of 31 December 20X1 (Round your answer to the nearest whole dollar amount.) Interest expense