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MR > SR 5% 10% 9% Discount In order to provide funding for its Accounting Lovers' Center project. Harris Development issued 9% bonds with a face amount of $520.000 on November 1, 2021. SR The bonds sold for $475,389, a price to yield the market rate of 10%. N-40 MR 92 i = 4.5 The bonds mature October 31, 2041 (20 years). Interest is paid semiannuall on April 30 and October 31 and is determined using the effective interest method. The fiscal year ends December 31 for Harris Development. Required: 1. Prepare an amortization schedule through 4/30/24 and record any necessary journal entries from issuance of the bonds at 11/1/21 to 12/31/23. 4.5% FVX R% CVX MK+% 1 Date cash value interestexp Amort. Dlsc. Discount Bal. I carrying value 1121 44.611 475, 389 4/30/21 23,400 23.79 369 44,242 475, 758 10/31/21 23,400 23,788 388 43.854_476,146 4/30122 23.400 23,807 407 43,447 474,533 10131]22 23,400 23,828 428 43,019 476, 961 448 42.571 477,409 470 42.101 4# 879 494 41,607 478, 373 475,389 DISC. BIP 44,611 520,000 4130123 23,400 23,848 10131123 23,400 23,870 12/31/23 23,400 23,894 11/1121 cash