Indigo Corporation issued $500,000,7%, 20-year bonds on January 1, 2022, for $450.910. This price resulted in an effective- interest rate of 8% on the bonds. Interest is payable annually on January 1. Indigo uses the effective-interest method to amortize bond premium or discount. Prepare the schedule using effective-interest method to amortize bond premium or discount of Indigo. (Round answers to O decimal places, e.g. 5,275.) Un Interest Periods Issue date Interest to Be Paid Interest Expense to Be Recorded Discount Amortization $ $ $ 1 2 e Textbook and Media List of Accounts Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Jan. 1, 2022 e Textbook and Media List of Accounts Prepare the journal entry to record the accrual of interest and the discount amortization on December 31, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Dec 31, 2022 e Textbook and Media List of Accounts Prepare the journal entry to record the payment of interest on January 1, 2023. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Jan. 1, 2023 e Textbook and Media List of Accounts