For Industry H$,$ prepare the journal entry to record the first interest payment and amortization on June $30,$ Year $1.$

$2)$For Industry H$,$ prepare the journal entry to record the second interest payment and amortization on December $31,$ Year $1.$

$3)$For Industry H$,$ prepare the journal entry to record the maturity of the bonds on December $31,$ Year $3.$

$$ 

$$

$240,000 $200,000 $160,000 $120,000 $80,000 $40,000 20,000 15,000 10,000 5,000 $0 30,000 25,000 January 1, Year June 30, Year 1 December 31, June 30, Year 2 December 31, June 30, Year 3 December 31, 1 Year 1 Year 2 Year 3 Market Rate for Company Bonds $120,000 $90,000 220,000 225,000 $60,000 $30,000 $0 Cash & Inventory for Competing Companies Frenza Cash Inventory Cash Frenza Bond Amortization Lika Inventory 230,000 235,000 Cash Nelo Inventory 10% 8% 6% 4% 2% 0% Net Income Total Equity Carrying Value Unamortized Discount 240,000 245,000 250,000 Frenza Lika Total Equity & Net Income Frenza Lika $250,000 $475,000 $1,000,000 $1,325,000 Nelo Nelo $212,500 $687,500