Number 12 specifically needs to be solved by using the EFFECTIVE INTEREST METHOD. I can't figure it out, my numbers keep coming out incorrect. If anyone can assist me by showing how to get the solution as well. they need to be made into journal entries

\fBestValue Corporation's Trial Balance at December 31, 20XX is presented below. All 20XX transactions have been recorded except for the items described on the next page. Debit Credit Cash 109,890 Accounts Receivable 28,789 Inventory 25,540 Debt Investments Land 55,674 Buildings 215,850 Equipment 75,120 Allowance for Doubtful Accounts S 1,027 Accumulated Depreciation-Buildings 63,306 Accumulated Depreciation-Equipment 16,048 Accounts Payable 35,278 Interest Payable Unearned Rent Revenue 48,900 Dividends Payable 0 Income Tax Payable Bonds Payable O O Discount on Bonds Payable 0 Common Stock ($2 par) 29,200 Paid in Capital in Excess of Par-Common Stock 44,580 Preferred Stock ($60 par) 0 Paid in Capital in Excess of Par-Preferred Stock 0 Retained Earnings 107,904 Treasury Stock Cash Dividends O O Sales Revenue 776,068 Rent Revenue Gain on Sale of Land O Bad Debt Expense Interest Expense Cost of Goods Sold O O 478,542 Depreciation Expense 0 Other Operating Expenses 53, 274 Salaries and Wages Expense 79,632 Income Tax Expense 0 Total $ 1,122,311 $ 1,122,311