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Question#8 Innovative Component Inc. needed financing to build a new manufacturing plant. On June 30th, 2014, Innovative Component issued $2,300,000 of 8-year bonds with an 6% coupon rate (payments due on December 31st and June 30th). The effective interest rate was 8%. Required: 1. Prepare a bonds amortization table. 2. Use the financial statement effects template below to record the bond issue and Innovative Component's first two interest payments. Balance Sheet Income Statement Transaction Cash + Noncash Asset Assets = Liabil + Contrib Earned Rev- Expen- ities Capital = Net Capital enues ses Income Bond issue + Interest 12/31 Interest 6/30 +