Winner Ltd is authorized to issue $2,000,000 of 3%, 10-year bonds payable. On December 31, 2021, when the market interest rate is 5%, the company issues $1,600,000 of the bonds. Winner amortizes bond discount using the effective-interest method. The semiannual interest dates are June 30 and December 31. Read the requirements Requirement 1. Use the PV function in Excel to calculate the issue price of the bonds. (Round your answer to the nearest whole dollar) The issue price of the bonds is Requirement 2. Prepare a bond amortization table for the first year of the bonds. (Round your answers to the nearest whole dollar) Semiannual Interest Date Dec 31, 2021 Jun 30, 2022 Interest Payment Interest Expense Winner Ltd. Amortization Table Discount Amortization Discount Account Bond Carrying Balance Amount Dec 31, 2022 Requirement 3. Record the issuance of the bonds payable on December 31, 2021; the first semiannual interest payment on June 30, 2022; and the second payment on December 31, 2022 (Record debits first, then credits. Exclude explanations from any journal entries.) Start by recording the issuance of the bonds on December 31, 2021.