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UMB Corporation issued $10,000 of 6% bonds on April 1, 2010, due on April 1, 2015. The interest is to be paid twice a year on April 1 and October 1. The bonds were sold to yield 8% effective annual interest. Grove Corporation closes its books annually on December 31. The company uses the effective interest method. (a) What is the selling price of the bond? (6) Complete the following amortization schedule for the dates indicated. (Round all answers to the nearest dollar.) Amortized Cash payment Interest expense Carrying amount discount premium of bonds April 1, 2010 Oct 1, 2010 April 1, 2011 (c) Prepare the joumal entry to record the issuance of the bonds. (d) Prepare the joumal entry to record the interest expense on Oct 1, 2010 (2) Prepare the adjusting entry for December 31, 2010