Blossom Company sold $3,320,000, 7% 10-year bonds on January 1.2025. The bonds were dated January 1, 2025, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually. (a) Your answer is correct. Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 103 and (2) 97 (List all debit entri credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is requi select "No Entry" for the account titles and enter O for the amounts.) You Prepare amortization table for issuance of the bonds sold at 103 for the first three interest payments. Annual Interest Interest to Periods Be Paid Issue Interest Expense to Be Recorded 0 $ Premium Amortization date 1 232400 222440 0 9960 2 232400 222440 9960 232400 222440 9960 Un Prepare amortization table for issuance of the bonds sold at 97 for the first three interest payments. Annual Interest Periods Issue $ date 1 Interest to Be Paid 265160) Interest Expense to Be Recorded 255200 Discount Amortization i 9960 [ 2 265160 255200 9960 3 265160 295200 9960 Quit