7. On January 1, 2018, a company issues 3-year bonds with a face value of $50,000 and a stated interest rate of 7%. Because the market interest rate is 5%, the company receives $52,723 for the bonds. (hence a premium...because they paid more than 50,000) The company will pay interest to its bond holders 2x a year. Fill in the table and create the journal entries upon issuance of the bond and the journal entry for the 7/1/2018 interest payment Period Ended Cash Paid Difference Book Value Interest Expense Premium on Bonds Payable I 7/1/18 12/31/18 7/1/19 12/31/19 7/1/20 12/31/20