03.16 Question Completion Status QUESTION 3 18 points Chapter 10. Bonds Payable On January 1, 2021,51,200,000, 5-year, bonds with a stated rate of 10% payable annually were issued for cash of $1.295,844 when the market rate of interest was 8% (18 pt) a. Were these bonds issued at a discount or at a premium? Why? b. Prepare the journal entry to record the issuance (sule) of the bonds (assuming the company uses Discount and Premium accounts) c. Complete the following interest schedule (assuming effective-interest amortization) You must show all your calculations to earn any credits. Amortization of Bond Bonds Cash Owed Interest Discount (or Payable Date for Interest Expense Premium) Book Value 1/1/2021 None None None 12/31/2021 12/31/2022 d. Prepare the journal entry to record the first payment of interest on December 31, 2021 (assuming the company uses Discount and Premium accounts): For the toolbar.press ALT-F10POO ALTFN-F10 (Mac BIVS Paragraph Open Sans 10pt E E AZ I XOOQ 6 ***