Required information [The following information applies to the questions displayed below) On January 1 Year 1, a company issues $420,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $391462. Required: 1. Complete the first three rows of an amortization table (Round your intermediate and final answers to the nearest whole dollar.) Date Cash Paid Interest en Change in Carrying Value Carrying Value 1/1/Year 1 6/30/Year 1 12/31/Year 1 On January 1 Year 1, a company issues $420,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market Interest rate on the issue date is 8%, the bonds will issue at $391.462. 2. Record the bond issue on January 1, Year 1, and the first two semiannual interest payments on June 30, Year 1, and December 31, Year 1 (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your intermediate and final answers to the nearest whole dollar.) Vlow transaction list Journal entry worksheet 1 2 3 Record the bond issue. Nota: Enter dobits before tredits Date General Journal Debit Credit January 01