Teal Mountain Ltd. issued $760,000 of 15-year, 9.00% bonds on January 1, 2022, when the market interest rate was 8.00%. The cash received at the issuance of the bond was $825,709.73. Interest is payable semi-annually on July 1 and January 1. Teal Mountain has a December 31 year end. Prepare a bond amortization schedule for the first four interest periods, using the effective-interest method. (Round answers to 2 decimal places, eg. 15.75.) TEAL MOUNTAIN LTD. Bond Premium Amortization Schedule Effective-Interest Method Semi-Annual Interest Period Interest Payment Interest Expense Amortization Issue Date, Jan. 1, 2022 July 1, 2022 TA $ $ Jan. 1, 2023 July 1, 2023 Jan. 1, 2024 Teal Mountain Ltd. issued $760,000 of 15-year, 9.00% bonds on January 1, 2022, when the market interest rate was 8.00%. The cash received at the issuance of the bond was $825,709.73. Interest is payable semi-annually on July 1 and January 1. Teal Mountain has a December 31 year end. Prepare a bond amortization schedule for the first four interest periods, using the effective interest method. (Round answers to 2 decimal places, e.g. 15.75.) TEAL MOUNTAIN LTD. Bond Premium Amortization Schedule Effective-Interest Method Interest Payment Interest Expense Amortization Bond Amortized Cost $ 825,709.73 LA $ Record the issue of the bonds and the first interest payment. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to 2 decimal places, e.g. 15.75.) Debit Credit Date Account Titles and Explanation Jan. 1 July 1 e Textbook and Media Record the accrual of the interest on December 31, 2022. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to 2 decimal places, eg: 15.75.) Date Account Titles and Explanation Debit Credit Dec. 31 e Textbook and Media List of Accounts --/0.2 Question Part Score Show the balance sheet presentation of the bonds at December 31, 2022. (Round answers to O decimal places, eg. 5,125 TEAL MOUNTAIN LTD. Balance Sheet (Partial) December 31, 2022 Current Liabilities Interest Payable $ Non-Current Liabilities Bonds Payable e Textbook and Media List of Accounts