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Problem 4 Bonds Payable Goodway Corporation sold $100,000 worth of bonds to raise money for plant expansion. The bonds pay interest annually at 3.5% for 5 years. The market rate of interest for a similar instrument was 3%; therefore, the bonds sold for a premium at $102,290. Required: 1. Journalize the entry to record the sale of the bonds. (Select the account from the dropdown menu) 2. Journalize the entry to record the first interest payment and bond premium amortization. (Select the account from the dropdown menu Goodway uses the straightline method to amortize bond premiums