Attempt in Progress Presented below is the partial bond discount amortization schedule for Cullumber Corp. Cullumber uses the effective-interest method of amortization. Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Interest Periods Issue date 1 2 Unamortized Discount $88,801 81,741 74,328 Bond Carrying Value $2,211,199 2,218,259 2,225,672 $103,500 103,500 $110,560 110,913 $7,060 7,413 (a) Prepare the journal entry to record the payment of interest and the discount amortization at the end of period 1. (Credit account titles are automatically indented when amount is entered. Do not indent manually