9. Sultan plc sells 10% bonds having a maturity value of $3,000,000 for $2,783,724. The bonds are dated January 1, 2019, and mature January 1, 2024. Interest is payable annually on January 1. The market rate of interest is 12%. Instructions: Prepare Sultan plcs journal entries for (a) The Jan. 1 issuance (b) The Dec. 31 interest. (c) Set up a schedule of interest expense and discount amortization.