Super Splash issues $1,000,000, 7% bonds on January 1, 2024, that mature in 15 years. The market interest rate for bonds of similar risk and maturity is 6%, and the bonds issue for $1,098,002. Interest is paid semiannually on June 30 and December 31.

Required:
1. Complete the first three rows of an amortization schedule.
2. Record the issuance of the bonds on January 1, 2024.
3. Record the interest payments on June 30, 2024, and December 31, 2024.