Check my work Grocery Corporation received $300,328 for 11 percent bonds issued on January 1, 2018, at a market interest rate of 8 percent. The bonds had a total face value of $250,000, stated that interest would be paid each December 31, and stated that they mature in 10 years. eBook Required: Prepare the following table for each account by indicating (a) whether it is reported on the Balance Sheet (B/S) or Income Statement (1/S); (b) the dollar amount by which the account increases, decreases, or does not change when Grocery Corporation issues the bonds; and (c) the direction of change in the account [increase, decrease, or no change] when Grocery Corporation records the interest payment on December 31. Hint Account (c) Interest Paid (b) Issuance $ 300,328 Print Bonds Payable Discount on Bonds Payable Interest Expense Premium on Bonds Payable (a) Financial Statement I/S B/S B/S B/S References