Bonds Inc. issued $100,000 of 8 term bonds on January 1, 2020, that are due an January 1, 2023, with interest payable each July 1 and January 1. Because the investors required an effective interent rate of 101, they paid $92,278 for the $100,000 or bonds. The company uses the effective interest method to calculate amortization of the bond discount. Perform the follpwing: (10 marks total) Show all calculations. a. Prepare the entry to record the issuance of the bonds at a discount on January 1, 2020. (2 marks) b. Prepare the journal entry to record the first interest payment on July 1. 2020 and amortization of the discount. (4 marks) c. Prepare the journal entry to record the interest expense accrued at December 31, 2020 and amortization of the discount. (4 marks)