Bau Electric sold $3,000,000, 10%, 10-year bonds on January 1, 2017. The bonds were dated January 1 and pay interest annually on January 1; and sold at 104.. Bau uses the straight-line amortization. Instructions (a) Prepare the journal entry to record the issuance of the bonds on January 1, 2017 (b) Prepare a bond premium amortization schedule for the first 4 interest periods. Hint: Amortization $12,000 (c) Prepare the journal entries for interest and the amortization of the premium in 2017 and 2018. (d) Show the balance sheet presentation of the bond liability at December 31, 2018. Cocon