The Gorman Group issued $940,000 of 13% bonds on June 30, 2021, for $1,010,716. The bonds were dated on June 30 and mature on June 30, 2041 (20 years). The market yield for bonds of similar risk and maturity is 12%. Interest is paid semiannually on December 31 and June 30. Required: Complete the below table to record the company's journal entry. 1. to 3. Prepare the journal entries to record their issuance by The Gorman Group on June 30, 2021, interest on December 31, 2021 and interest on June 30, 2022 (at the effective rate). Complete this question by entering your answers in the tabs below. Calculation Req 1 to 3 Complete the below table to record the company's journal entry. (Round intermediate calculations and final answers to the nearest whole dollar. Enter interest rate to 1 decimal place. i.e. 0.123 should be entered as 12.3).) December 31, 2021 Amount Interest Rate Interest expense $ 1,010,716 x 6.0% = Cash $ 940,000 6.5% = Amortization of premium on bonds $ $ $ Total 60,643 61,100 457 Total June 30, 2022 Amount Interest Rate Interest expense 6.0% Cash x 6.5% = Amortization of premium on bonds Calculation Req 1 to 3 > Complete this question by entering your answers in the tabs below. Calculation Req 1 to 3 Prepare the journal entries to record their issuance by The Gorman Group on June 30, 2021, interest on December 31, 2021 and interest on June 30, 2022 (at the effective rate). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round intermediate calculations and final answers to the nearest whole dollar.) Show less View transaction list View journal entry worksheet No Debit Credit Date June 30, 2021 General Journal Cash Bonds payable Premium on bonds payable 2 December 31, Interest expense 2021 Premium on bonds payable Cash 3 June 30, 2022 Interest expense Premium on bonds payable Cash