Chapter 14 (1 of 3) Written Problem #1 (10 points) On January 1, 2021 Instaform, Inc. issued $200,000, 8%, three-year bonds. Interest is paid semi-annually on June 30 and December 31. The bonds were issued at $197,760 to yield an annual return of 10%. Required: 1) Prepare an amortization schedule that determines interest at the effective interest rate. 2) Prepare an amortization schedule by the straight-line method. 3) Prepare the journal entries to record interest expense on June 30, 2022, by each of the two approaches. 4) Assuming the market rate is still 10%, what price would a second investor pay the first investor on June 30, 2022 for $30,000 of the bonds?