The Gorman Group issued $970,000 of 13% bonds on June 30, 2021, for $1042,973. The bonds were doted 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. (.e. 0.123 should be entered as 12.3).) December 31, 2021 Amount interest Interest expense Cash Amortuation of premium on bonds June 30, 2022 Amount interest Total Interest expense Cash Amortation of premium on bonds