Cullumber Company issued bonds that had the following data associated with them:
    Interest to be paid is $26000.
    Interest expense to be recorded is $29000.
Which of the following characteristics is true?

When recording the interest expense, the amortization will increase the bond carrying value.

The bonds are sold at a premium.

The difference between the interest expense and the interest to be paid is the bond's par value.

When recording the interest expense, the amortization will decrease the bond carrying value.