California Coal Company has 10%,10-year bonds payable that mature on June 30,2034 . The bonds are issued on June 30,2024 , and California Coal pays interest each June 30 and December 3 Read the Requirement 1. Will the bonds be issued at face value, at a premium, or at a discount if the market interest rate on the date of issuance is 9% ? If the market interest rate is 12% ? If the market interest rate is 9%, the bonds will be issued at If the market interest rate is 12%, the bonds will be issued at 1. Will the bonds be issued at face value, at a premium, or at a discount if the market interest rate on the date of issuance is 9% ? If the market interest rate is 12% ? 2. California Coal issued $600,000 of the bonds at 92 . Round all calculations to the nearest dollar. a. Record issuance of the bonds on June 30,2024. b. Record the payment of interest and amortization of the discount on December 31, 2024. Use the straight-line amortization method. c. Compute the bonds' carrying amount at December 31, 2024. d. Record the payment of interest and amortization of discount on June 30, 2025