Use the information below to answer this question. Prepare your answer using Microsoft Word, Microsoft Excel, or Google Apps, and submit your answer using the upload function. Vieques Corporation sells scenic sightseeing trips to rural towns in Puerto Rico. Over the last several years, the company has become interested in purchasing a used airplane. Instead of issuing common stock, the company decides to issue bonds. The company issued $1,000,000 of 8% three-year bonds at 97 on January 1, 2018. Interest is paid semiannually on January 1 and July 1. Vieques Corporation uses the straight-line method of amortization. The corporation would like to better understand the bond issue. Using the table below as a guide, calculate the interest expense, amortization of any discount, and the carrying value of the bond at the end of each year for the life of the bond. Date Interest paid Amortization of discount Carrying value of Discount bond Jan. 1, 2018 Jul. 1, 2018 Dec. 31, 2018 Jul. 1, 2019 Dec. 31, 2019 Jul. 1, 2020 Dec. 31, 2020 Make the appropriate journal entries for each of the following events: o 2018 January 1 - Bond issuance July 1 - Interest payment December 31 - Record any accrued interest on the bonds o 2020 December 31 - Bond redemption at maturity