2. Issuance of bonds payable at discount On June 1, 2022, A Company issued at 98 plus accrued interest, 2,000 of 8% P1,000 face amount bonds. The bonds are dated January 1, 2022, mature on January 1 , 2032, and pay interest on January 1 and July 1. The entity paid bond issue cost of P70,000 Requirements: a. What is the net cash received? b. Provide the related journal entries