Whispering Winds Corp. issued $5,880,000 of 8% bonds on October 1, 2020, due on October 1, 2025. The interest is to be paid twice a year on April 1 and October 1. The bonds were sold to yield 10% effective annual interest. Whispering Winds Corp.closes its books annually on December 31. (a) Your answer has been saved. See score details after the due date. Complete the following amortization schedule for the dates indicated. Use the effective interest method. (Round answers to 0 decimal places, e.g. 5,275.) Carrying Amount of Bonds Date Cash Interest Expense Bond Discount October 1, 2020 $5,425,942 235200 271298 36098 5462060 April 1, 2021 October 1, 2021 235200 273103 37903 5499963 Prepare the adjusting entry for December 31, 2021. Use the effective-interest method. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31