E $14-6$ Bonds ; issuance; effective interest L$014-2$ The Gonzalez Group issued $$900,000$ of $13\%$ bonds on June $30,2024,$ for $$967,707.$ The bonds were dated on June $30$ and mature on June $30,2044(20$ years$)$ The market yield for bonds of similar risk and maturity is $12\%.$ Interest is paid semiannually on December $31$ and June $30.$ Required : Prepare the journal entry to record their issuance by The Gonzalez Group on June $3020242.$ Prepare the journal entry to record interest on December $31,2024($at the effective rate$).3.$ Prepare the journal entry to record interest on June $30,2025($at the effective rate$).$Company Name : Statement of Cash Flows For the year ended: Operating Activities Financing Activities Change in Cash Company Name : Income Statement For the year ended: Revenues Expenses Other income $($expense $)$: Net income $($loss $)$ Company Name : Balance Sheet December $31,$ Assets Current Assets Total Assets Liabilities and shareholders $\text{'}$ equity Long $-$term Liabilities Total long $-$ term liabilities Shareholders $\text{'}$ Equity Total shareholders $\text{'}$ equity Total liabilities and shareholders $\text{'}$ equity$$