Required information Exercise 10-7 (Algo) Straight-Line: Amortization table and bond interest expense LO P2 [The following information applies to the questions displayed below.] Duval Company issues four-year bonds with a $104,000 par value on January 1,2021 , at a price of $99,960. The annual contract rate is 5%, and interest is paid semiannually on June 30 and December 31 . Exercise 10-7 (Algo) Part 1 1. Prepare a straight-line amortization table for these bonds. (Round your answers to the nearest dollar amount.) Required information Exercise 10-7 (Algo) Straight-Line: Amortization table and bond interest expense LO P2 [The following information applies to the questions displayed below.] Duval Company issues four-year bonds with a $104,000 par value on January 1,2021 , at a price of $99,960. The annual contract rate is 5%, and interest is paid semiannually on June 30 and December 31 . xercise 10-7 (Algo) Part 2 Prepare journal entries to record the first two interest payments. (Round your answers to the nearest dollar amount.) Required information Exercise 10-7 (Algo) Straight-Line: Amortization table and bond interest expense LO P2 [The following information applies to the questions displayed below.] Duval Company issues four-year bonds with a $104,000 par value on January 1,2021 , at a price of $99,960. The annual contract rate is 5%, and interest is paid semiannually on June 30 and December 31. Exercise 10-7 (Algo) Part 3 Prepare the journal entry for maturity of the bonds on December 31, 2024 (assume semiannual interest is already recorded)