Bramble Corporation sold $2,200,000, 7%, 5-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. Bramble Corporation uses the straight-line method to amortize bond premium or discount.

(1) Prepare journal entries to record the issuance of the bonds and bond interest expense for 2022, assuming that the bonds sold at 97.

(2) Show the balance sheet presentation for the bond issue at December 31, 2022, using the 105 selling price.

(3) Show the balance sheet presentation for the bond issue at December 31, 2022, using the 97 selling price.